Central Bank sells currency for US$978.5 million in January-April

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Finance 08/05/2018 Central Bank sells currency for US$978.5 million in January-April

Central Bank sells currency for US$978.5 million in January-April

Tashkent, Uzbekistan (UzDaily.com) -- The volume of purchase and sale of foreign currency by the Central Bank of Uzbekistan in January-April 2018 made up US$134.2 million and US$978.5 million respectively.

The balance of operations for January-April 2018 was US$844.3 million due to the change in the strategy of the Central Bank’s participation in the foreign exchange market.

Currently, the Central Bank in the field of managing gold and foreign exchange reserves, mainly proceeds from the position of sterilization of money supply growth caused by the purchase by the Central Bank of precious metals from manufacturing plants.

The volume of gold and foreign exchange reserves in the I quarter of 2018 increased by US$417.1 million.

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