Uzbekistan’s gold and foreign exchange reserves fell slightly to $32.89 billion, after precious metal reserves fell by 12.4 tons.
Uzbekistan’s official reserve assets stood at $32.89 billion as of December 1, having fallen by just $7.5 million in November, according to data from the Central Bank of Uzbekistan.
In November, the world’s gold price rose from 1992 to $2,058 per ounce (+ 3.1%), and in early December, the precious metal set a new record—its value for the first time in history exceeded $2,100 per ounce.
Against the backdrop of higher gold prices, Uzbekistan’s gold reserves fell by 0.4 million ounces (about 12.4 tons) to 11.6 million ounces (360.8 tons), indicating the possibility of gold being sold by the Central Bank.
Gold reserves fell by $246.5 million to $23.7 billion.
Although gold (worth more than $1 billion) is likely to be sold, foreign exchange reserves increased by only $237.9 million to $8.62 billion.
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