Having decreased by $1.37 billion over the month, the volume of gross gold and foreign exchange reserves of Uzbekistan as of July 1 amounted to $34.14 billion, according to the data unveiled by the Central Bank.
The country’s gold and foreign exchange reserves declined after a record high in early June, which was $35.5 billion.
Last month, gold reserves expanded by 0.2 million troy ounces, to 6.2 tons, but their value decreased by $1.2 billion, as this precious metal lost its value in June. On May 31, the price of gold was $1,905.7, but on June 30 it fell by 7.2%, to $1,767.6.
Uzbekistan’s foreign currency reserves also dipped by $141.9 million. (Uzreport/Business World Magazine)