Uzbekistan official reserves topped $35.15 billion as of April 1, reporting $205.1 million decrease over the past month, the Central Bank said in a report.
The decrease was mainly due to a decrease in foreign currency reserves in March by $354.5 million, to $13.17 billion. This may be due to the foreign exchange interventions of the Central Bank in March, aimed at stabilizing the soum exchange rate.
The value of gold reserves slightly increased - up to $20.88 billion (+ $159.4 million), while its physical volume remained at the same level - 10.9 million troy ounces (about 339.02 tons).
However, the available reserves far surpass the country's annual imports of $25.5 billion in 2021. In turn, according to the recommendations of international organizations for developing countries, the reserves should cover at least three months of imports.
