As of February 1, 2021, Uzbekistan’s gold and currency reserves amounted to 34.319 billion U.S. dollars, which is 700 million U.S. dollars fewer than of January 1, 2021, spot.uz says, citing the Central Bank of Uzbekistan.
The reserves reportedly decrease due to decrease in the volume of foreign currency. Over the reporting period, the volume of foreign currency decreased by 700 million U.S. dollars.
However, the current country’s international reserves are sufficient to cover more than 20 months of import, says a report released by the Central Bank of Uzbekistan.
According to data, published by the Uzbek State Committee for Geology, the country currently has 63 large-scale gold mining fields, which have total reserves of more than 2,500 tons of gold, and probable reserves (in categories C1 and C2) of 5,990 tons. Of these, at least nine are currently in the developmental stage and there is a possibility the number of such fields will increase already shortly.
Uzbekistan aims to become one of the world’s largest gold producers within the next several years that will be achieved through more development of its domestic gold regions. Implementation of these plans involves an increase of domestic gold and silver production by almost two times by 2021-2022.
