Uzbekistan's International Reserves Decreased by $5.5 Billion in September

The main reason for the decline was the fall in the value of the gold part of the reserves: over the month, it decreased by approximately $4.8 billion (according to Anhor.uz, by $4.84 billion, from $64.93 billion to $60.09 billion). In the regulator's commentary, it is noted that the decline in metal quotes from $4,602 to $4,188.75 per ounce had a negative impact of $5.9 billion.

At the same time, the physical volume of precious metals in the reserves increased from 14.1 million to 14.3 million troy ounces, reaching a historical maximum. The share of gold in the regulator's total assets was around 90% (according to Kun.uz, it exceeded 90%). Since the beginning of the year, reserves have grown by 1.7 million ounces - from 12.6 million ounces on January 1.

The currency component of the reserves decreased by approximately $702 million in September (according to Anhor.uz, by $703 million). The portfolio of securities invested by the Central Bank decreased from $1 billion 765 million to $1 billion 691 million.