Uzbekistan’s international reserves have exceeded $50 billion for the first time, Uz24.uz reported.
According to the Central Bank, as of September 1, the reserves reached $50.08 billion.
This is $1.34 billion more than the previous month.
Gold makes up the largest portion of the reserves — $40.06 billion.
Foreign currency reserves total $9.4 billion, and securities exceed $1 billion.
The main driver of this increase is the sharp rise in gold prices.
The rise in gold prices brought Uzbekistan an additional $1.2 billion in August alone.
Today, gold set a historical record on the market.
One troy ounce surpassed $3,600, and the price per gram exceeded $116.
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