Tashkent, Uzbekistan (UzDaily.com) -- Gross gold and currency reserves of Uzbekistan as of 1 September 2018 made up US$26.87 billion, the Central Bank of Uzbekistan said in a statement.

Reduction of gold and foreign exchange reserves in January-August 2018 is due to a decrease in the price of gold from US$1296.50 to US$1206.85. The estimated impact on the decrease was US$970.4 million.

In August, gold prices fell from US$1219.20 to US$1206.85 per troy ounce. As a result, the gold and foreign exchange reserves of Uzbekistan in August decreased by US$139.7 million.

The volume of monetary gold in August increased by US$151 million to US$13.94 billion. Foreign currency assets amounted to US$12.92 billion in August 2018, compared to US$13.59 billion in July 2018.

Gold reserves in August increased by 6.83 tonnes and as of 1 September made 327.54 tonnes.