Uzbekistan’s Foreign Reserves Hit Record $43 Billion As of November 1, Uzbekistan’s foreign reserves reached an unprecedented $43.14 billion, boosted by a surge in gold valuations, with holdings now valued at $33.36 billion. The Central Bank also reported increased freely convertible currency reserves, reaching $9.22 billion, alongside a significant rise in foreign securities investments. This strategic growth, supported by increased gold purchases, marks a shift in Uzbekistan’s reserve management approach. Read more: https://lnkd.in/dh-xT_Mu #Uzbekistan #Economy #ForeignReserves #GoldReserves #CentralBank
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Amidst easing tensions in the Middle East, Asia-Pacific markets have rebounded, signaling a return to riskier assets. This recovery comes after Iran indicated no immediate plans for retaliation following recent events. Read more about this market shift and the retreat in gold and oil prices at https://lnkd.in/gHez9VWq #MarketRecovery #MiddleEastTensions #Investing"
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ZIMBABWE’s foreign currency reserves supporting the local currency increased by 89 percent to approximately US$540 million on October 31, 2024 from US$285 million on April 5, 2024, official data shows. The ZiG, which began operating in April, is backed by the southern African nation’s gold and hard currency reserves.>https://lnkd.in/dDZQFJAj
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#MiddleEast, #Geoeconomics: #China and #Bahrain join forces to create $1 billion fund. The launch of the new fund will promote cross-border cooperation and investment between Gulf Cooperation Council and China. Trade and economic relations between the Middle East and China are growing stronger. Trade and economic relations between the Middle East and China are growing stronger. In 2023, Chinese exports to Saudi Arabia amounted to $42.86 billion and exports to the United Arab Emirates amounted to an impressive $55.68 billion. In the same year, Chinese imports from Saudi Arabia amounted to $64.36 billion. In November 2023, the Central Bank of Saudi Arabia (SAMA) and the People's Bank of China (PBOC) signed a local currency swap agreement worth $6.93 billion. Read more on #ExtremaRatio https://lnkd.in/dRwbntvh
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Central Bank of Uzbekistan initiates securities investments, diversifying 80% of gold reserves The plan to reduce the share of gold in Uzbekistan's foreign exchange reserves has been under consideration since 2019. Two years ago, the Central Bank chairman indicated a change in the strategy for managing these reserves. However, due to rising gold prices, the plan to invest in securities was not implemented until now. 👉Details: https://lnkd.in/dXmmC8bX #DaryoNews #Uzbekistan #CentralBank #SecuritiesInvestment #GoldReserves #Diversification #InvestmentStrategy
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On May 21, 2024, Uzbekistan successfully issued notable Eurobonds totaling $1.5 billion equivalent. This issuance marked a significant milestone as it was the first time the country issued bonds in three different currencies: - $600 million in 7-year maturity USD-denominated bonds at a 6.9% coupon rate, with a subscription forming for $3 billion. - €600 million in 3-year maturity EUR-denominated SDG bonds at a 5.375% rate, with a subscription of €2 billion. - 3 trillion UZS in 3-year maturity UZS-denominated bonds at a 16.625% rate, with a subscription of 4 trillion UZS. Congratulations to all involved parties! Source: https://lnkd.in/dkiK5FPc #Uzbekistan #Eurobonds #Finance #Investment #GlobalMarket #Issuance #EconomicNews
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Pakistan's foreign exchange reserves surge! State Bank of Pakistan's reserves now stand at over $12 billion, marking a significant boost to the country's economy! #PakistanEconomy #ForeignExchangeReserves #StateBankOfPakistan #EconomicGrowth #PakistanFinance
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Central Bank of Uzbekistan Started For the Fist Time #Investing in Foreign Government #Securities under The World Bank Treasury (IBRD • IDA) Technical Support. As of May 1, Uzbekistan's international reserves stood at $35.1 billion. More than three-quarters of the reserves come from #gold reserves, the value of which has reached its highest level since 2018. more: https://lnkd.in/d9jbATca #capitalmarkets #treasuries #securitiesmarkets #investmentbanking #internationalreserves #assetmanagement #investing
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In a significant milestone, the State Bank of Pakistan's (SBP) foreign exchange reserves have crossed $12 billion for the first time in 2.5 years. This boost reflects improved financial inflows, consistent policy measures, and growing investor confidence. The rise in reserves is expected to stabilize the currency market, enhance import coverage, and strengthen Pakistan’s overall economic outlook. Economists see this development as a step toward sustained financial stability and resilience against external shocks. Visit https://lnkd.in/dYepVRg8 to know more about us #StateBankOfPakistan #EconomicRecovery #ForexReserves #PakistanEconomy #InvestorConfidence
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𝐅𝐢𝐯𝐞 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐅𝐢𝐫𝐦𝐬 𝐒𝐞𝐜𝐮𝐫𝐞 𝐅𝐨𝐫𝐞𝐱 𝐁𝐮𝐫𝐞𝐚𝐮 𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐬 National Bank of Ethiopia has just granted licenses to five Independent Foreign Exchange Bureaus as part of its ongoing efforts to liberalize #Ethiopia’s financial sector. It is expected that this move will enhance competition, increase access to foreign currency, and contribute to stabilizing the forex market. Full story: https://lnkd.in/eD3H-R-d
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🇿🇼 Zimbabwe's gold-backed ZiG faces a steep uphill battle just five months after launch, with devaluation and public skepticism posing significant challenges. As the government pushes for more widespread adoption, business owners and traders continue to favor the U.S. dollar. Can this sixth attempt at a stable currency survive the pressure? #ZimbabweEconomy #CurrencyChallenges #GlobalMarkets #MaximumAfricaLeo #MaximumAfricaLeoInvestment
[TOP STORY] Five months after its launch, Zimbabwe’s new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government’s plan to make it the only currency in the market by 2026. Read more: https://shorturl.at/Y6I9H
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