The issue of government bonds ensured an increase in gold and foreign exchange reserves by $1.5 billion in May

As of June 1, the volume of gold and foreign exchange reserves of Uzbekistan amounted to $36.63 billion, Spot reports, citing the Central Bank.

In May, the volume of international assets increased by $1.52 billion, which is much higher than the level at the beginning of this year.

The amount of foreign currency assets amounted to $9.26 billion. Last month, their amount increased to $1.24 billion – while it has been below the $10 billion mark for more than a year in a row. The regulator purchased securities worth $35 million for the first time.

The volume of deposits of the Central Bank of Uzbekistan in the central banks of other countries, as well as in the IMF, increased slightly – to $422.7 million. In addition, the amount in accounts in other foreign financial institutions increased by $1.2 billion, which is explained by the issue of government bonds in dollars and euros by a similar amount amount.

The republic’s gold reserves increased slightly, amounting to $26.81 billion at the beginning of June. Compared to May, its value increased by $277.8 million, thanks to record world prices for the precious metal.

In addition, the tonnage of gold in reserves decreased slightly – 11.4 million troy ounces (354.5 tons) versus 11.5 million troy ounces (357.7 tons) a month earlier.

In April, gold shipments accounted for more than a third of exports. Since the beginning of the year, precious metal exports amounted to $3.42 billion, an increase of 11.8% over the year.