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International reserves of the Republic of Uzbekistan

In accordance with the Law “On the Central Bank of the Republic of Uzbekistan”, one of the main tasks of the Central Bank is to store and manage official international reserves of the Republic of Uzbekistan.

The calculation of international reserves is conducted in compliance with the standards of the International Monetary Fund. International reserves consist of foreign currency reserves and monetary gold.

In order to manage the international reserves efficiently, the Central Bank separately calculates and keeps the record of both gross and net international reserves.

The net international reserves do not include the foreign currency of commercial banks and government entities (except the Ministry of Finance, the Fund for Reconstruction and Development) at their accounts with the Central Bank, which are considered as obligations of the Central Bank to these entities.

International Reserves of the Republic of Uzbekistan

mln.USD

 

Indicators

01.01.2018

01.04.2018

01.07.2018

01.10.2018

01.11.2018

I. Gross international reserves

28 076,9

28 494,0

27 660,5

26 407,3

26 494,1

   1. Foreign currency reserves

14 042,8

14 517,2

13 818,3

12 454,4

11 846,1

   2. Monetary gold

14 034,1

13 976,8

13 842,2

13 953,0

14 648,0

II. Net international reserves

26 567,5

27 086,7

26 648,9

25 494,5

25 716,4

 

Comment:
1) Decline in international reserves in January-October is resulted partly from a decrease in gold price during the reporting period from 1296.50 to 1217.70 USD/tr oz. (price factor estimated at - 853.0 mln. USD)

2) The growth of international reserves in October is resulted partly from an increase in gold price during the reporting period from 1183.50 to 1217.70 USD/tr oz. (price factor estimated at - 403.2 mln. USD)

Source: www.cbu.uz