Uzbekistan's Central Bank doubles volume of U.S. govt bonds in investment portfolio in Feb

TASHKENT. March 12 (Interfax) - The Central Bank of Uzbekistan purchased U.S. government bonds totaling over $100 million in February, the regulator said in materials posted on its website.

The Central Bank had doubled the volume of securities in the investment portfolio by $100.4 million month-on-month to $202.5 million as of March 1. The share of securities in gold and foreign exchange reserves increased from 0.24% to 0.45%.

The Central Bank of Uzbekistan invested funds totaling $35 million in foreign government securities for the first time in May 2024. An investment portfolio has been formed to diversify reserves with the assistance of the World Bank. The regulator purchased U.S. treasury bonds totaling $65 million in October, with the volume exceeding $101 million by the end of last year.