Tashkent, May 21 -- The size of international gold and foreign exchange reserves of Uzbekistan as of May 1 amounted to $31.2 billion, according to data from the Central Bank (CB).

The total volume of foreign currency decreased slightly to $12.3 billion, and gold - $18.5 billion.

These reserves are considered a so-called security cushion, which the country will use in the event of a sudden economic crisis.

The current reserves will be enough to finance almost 16 months of imports. This is much more than the three-month target recommended by international organizations for developing countries.

Published by HT Digital Content Services with permission from UzReport....