As previously reported by Spot, in October, Uzbekistan's gold and foreign exchange reserves reached a record high of $43 billion. The value of gold reserves has once again hit a maximum, 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, growing by 2.82 times compared to September. In the preceding months, the value of securities gradually increased and amounted to about $35 million.
The press service of the Central Bank informed Spot that the monthly increase in value is linked to the acquisition of additional bonds, without specifying their issuer.
In May, the regulator made its first-ever investment of $35 million in foreign government securities. An investment portfolio was formed with the support of the World Bank to diversify the reserves.
At the July press conference, Central Bank Chairman Mamariizo Nurmuratov discussed investments in the American securities market. According to him, increasing the volume of investments in the future may help diversify the gold and foreign exchange reserves.
Earlier, Spot reported that the Central Bank registered two new microfinance organizations.