Uzbekistan's international reserves rose from $66.3bn to around $75bn in January-February 2023, with gold making up 85% of these reserves. The country ranks 17th globally in gold holdings, with 380.4 tonnes. The Central Bank emphasizes safety, liquidity, and profitability in reserve management, keeping gold domestically to mitigate risks. The Bank also engages in domestic gold purchases to influence liquidity and has begun diversifying reserves by investing in US Treasury securities. Uzbekistan's reserves exceed international adequacy benchmarks, covering 17 months of imports and 4.4 times short-term debt obligations. Teljes cikk (Euronews.com)