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Finance 21/11/2018 Volume of net foreign exchange reserves of Uzbekistan reaches US$25.71 billion
Volume of net foreign exchange reserves of Uzbekistan reaches US$25.71 billion

Tashkent, Uzbekistan (UzDaily.com) -- The volume of net foreign exchange reserves of Uzbekistan as of 1 November totaled US$25.71 billion. Growth for the month amounted to US$220 million, according to the data of the Central Bank of Uzbekistan.

According to the regulator, in October, gross foreign exchange reserves rose nearly US$100 million and totaled more than US$26.49 billion. Currency assets amounted to US$11.84 billion, which is US$610 million lower compared to October 2018.

The volume of monetary gold made up US$14.65 billion, which is US$700 million higher compared to the last month of 2018.

The increase in the gold and foreign exchange reserve in October, according to the Central Bank, is partially due to growth of the price of gold from US$1,183.5 to US$1,217.7 per troy ounce. According to the regulator, the estimated impact on the increase was US$403.2 million.

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