As previously reported by Spot, in October, Uzbekistan's gold and foreign exchange reserves reached a record $43 billion. The value of the gold reserves has once again hit a new high, increasing by more than one-third since the beginning of the year.
In October, the Central Bank nearly tripled the volume of securities in its international reserves. This information was disclosed on the regulator's website.
Last month, the value of securities exceeded $100 million, rising 2.82 times compared to September. In previous months, the value of securities had gradually increased to around $35 million.
The press service of the Central Bank informed Spot that the monthly increase in value is associated with the purchase of additional bonds, although the issuer was not specified.
In May, for the first time in history, the regulator invested $35 million in foreign government securities. With the support of the World Bank, an investment portfolio was formed to diversify the reserves.
At the July press conference, the Chairman of the Central Bank, Mamariizo Nurmuratov, spoke about investments in the American securities market. According to him, increasing the amount of investments in the future may contribute to the diversification of gold and foreign exchange reserves.
Earlier, Spot reported that the Central Bank registered two new microfinance organizations.