A Central Banker's Perspective: the role of gold in Uzbekistan

From gold.org

With annual production of around 100 tonnes, Uzbekistan is one of the leading producers of gold worldwide. Gold also has a fundamental role to play within the Uzbek economy, as Bobir Abubakirov, Deputy Governor of the Central Bank of Uzbekistan explains. Gold has a number of key characteristics that mark it out as a significant and valuable asset. A source of economic stability, it acts as an anchor within the financial system and preserves wealth for future generations. In recognition of these attributes, the Central Bank of Uzbekistan (CBU) allocates around 60% of its foreign reserves to gold. We hold these ... (full story)