{"id":9604,"date":"2025-09-23T11:11:27","date_gmt":"2025-09-23T06:11:27","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum\/"},"modified":"2025-09-23T11:11:27","modified_gmt":"2025-09-23T06:11:27","slug":"cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum\/","title":{"rendered":"CB denied the connection between the rise in gold prices and the strengthening of the soum"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>The Central Bank&#8217;s position influences confidence in currency policy, especially against the backdrop of increasing gold exports &#8211; it is crucial to understand that the exchange rate is not formed directly from this key export flow.<\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>Sanjar Valiyev, Head of the Department for the Management of International Reserves, stated that gold and foreign exchange reserves are reflected in US dollars and do not include the sum, therefore, the increase in gold prices does not affect the dollar&#8217;s exchange rate against the sum.<\/li>\n<li>In January-August 2025, gold exports amounted to $8.42 billion, and in August \u2014 $836 million.<\/li>\n<li>Abdulla Abdukadirov of the Strategic Reforms Agency noted that 38% of exports come from gold, and the gold sales disposition indirectly participates in maintaining the exchange rate.<\/li>\n<li>Yuliy Yusupov speaks about the global weakness of the dollar as a factor, Mirkomil Kholboyev \u2014 that internal factors are also important.<\/li>\n<\/ul>\n<p><strong>Context<\/strong><\/p>\n<p>Gold exports have reached a historic high, surpassing last year&#8217;s record. The exchange rate is influenced by: exports, cross-border transfers, the global value of the dollar and gold, and the Central Bank&#8217;s policy. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The statement says that there is no correlation between the rise in gold prices and the fall in the dollar exchange rate \u2014 gold and foreign exchange reserves are formed in foreign currency and do not include the soum.<\/p>\n","protected":false},"author":4,"featured_media":8611,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":[],"_sharing_image_fieldset":[],"pin_until":"","footnotes":""},"categories":[2061],"tags":[2081,2222,2079,2197],"class_list":["post-9604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-cb","tag-exchange-rate","tag-finance","tag-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CB denied the connection between the rise in gold prices and the strengthening of the soum &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"The statement says that there is no correlation between the rise in gold prices and the fall in the dollar exchange rate \u2014 gold and foreign exchange reserves are formed in foreign currency and do not include the soum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frank.uz\/en\/news-en\/cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CB denied the connection between the rise in gold prices and the strengthening of the soum\" \/>\n<meta property=\"og:description\" content=\"The statement says that there is no correlation between the rise in gold prices and the fall in the dollar exchange rate \u2014 gold and foreign exchange reserves are formed in foreign currency and do not include the soum.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frank.uz\/en\/news-en\/cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum\/\" \/>\n<meta property=\"og:site_name\" content=\"Frank.uz\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FrankUzbekistan\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-23T06:11:27+00:00\" \/>\n<meta name=\"author\" content=\"Azamat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:site\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azamat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum\/\",\"url\":\"https:\/\/frank.uz\/en\/news-en\/cb-denied-the-connection-between-the-rise-in-gold-prices-and-the-strengthening-of-the-soum\/\",\"name\":\"CB denied the connection between the rise in gold prices and the strengthening of the soum &#8212; 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