Public Relations and Mass Media Department of the MFA

October 18, 2018





The volume of Uzbekistan's net gold and foreign exchange reserves made up $25,4 billion. 1

Central Asia - the priority of foreign policy of Uzbekistan.. 1

Tashkent hosts Central Asian Trade Forum.. 1


Islamkhodja film is presented in the United States. 2











The volume of Uzbekistan's net gold and foreign exchange reserves made up $25,4 billion

As per the report of the Central Bank, monetary gold and foreign currency reserves of Uzbekistan have decreased.

It is noted that the method of calculation of gold and foreign exchange reserves is based on the standards of the International Monetary Fund. The structure of the gold and foreign exchange reserves consists of foreign currency assets and gold coins.

Gross gold and foreign exchange reserves have amounted to $26,4 billion in October ($26,8 billion in September), out of which $12,4 billion is foreign currency assets ($12,9 billion a month before) and $13,9 billion is monetary gold ($13,9 billion in September).

The volume of Uzbekistan's net gold and foreign exchange reserves made up $25,4 billion ($25,9 billion a month earlier).

According to the Central Bank's explanation, the diminishment of gold and currency reserves in January-September of this year caused by the gradual decline of gold price from $1296,50 to $1183,50 per ounce (the estimated impact on decline was $1123,2 million).

In September 2018, the fall of gold and currency reserves resulted by the decline of gold price from $1206,85 to $1183,50 per ounce (the impact of the price on gold and currency reserves decreased by $269,8 million).

(Source: Kun.uz)

Central Asia - the priority of foreign policy of Uzbekistan

Tashkent hosts Central Asian Trade Forum

On October 17, 2018, VIII Central Asian Trade Forum kicked off at Youth Creativity Palace in Tashkent.

The opening ceremony of the forum, organized by the U.S. Agency for International Development (USAID) in cooperation with the Ministry for Foreign Trade of the Republic of Uzbekistan and a number of organizations, was attended by members of the Senate of the Oliy Majlis of the Republic of Uzbekistan, representatives of ministries and departments, domestic and foreign business circles, diplomatic corps, information-analytical centers, organizations and companies responsible for banking-financial, manufacturing and educational spheres.

Deputy Prime Minister of the Republic of Uzbekistan Nodir Atajanov, Assistant U.S. Trade Representative for South and Central Asian Affairs Mark Linscott, USAID’s Regional Mission Director for Central Asia Christopher Edwards noted that this traditional forum will bring together more than 70 million partners and representatives of business circles around the world.

The forum is aimed at improving competitiveness, supporting trade activities, removing existing barriers, creating new jobs in Central Asian countries. It provides for accelerated development of fruit and vegetable production, tourism, transport and logistics in five countries of the region, promotion of their integration into the world market, all-round support for exports.

As it was noted at the event, large-scale activities have been carried out in recent years on improving trade relations with Central Asian countries. Customs tariffs and tax burden have been reduced. Wide opportunities were created for tangible increasing the trade turnover through effective use of opportunities of free trade system.

Such important tasks as finding an alternative source of capital for financing production in the region, development of tourism, social media and digital infrastructure, as well as issues related to membership in the World Trade Organization were discussed at the forum.

In addition, reports were heard on increasing women’s participation in science, technology and art, support for women's entrepreneurship, elimination of existing obstacles in this way, presentations were made.

A trade exhibition was also organized within the framework of the Central Asian Forum. It is attended by more than 100 representatives of enterprises operating in transport, tourism and information technology spheres, equipment production, cultivation and processing of fruits and vegetables, companies of Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Afghanistan, Pakistan, as well as the United States, Italy, the Netherlands, Japan, Germany.

(Source: UzA)


Islamkhodja film is presented in the United States

Presentation of Islamkhodja documentary film by Uzbekistan’s film director Jakhongir Akhmedov was held at the memorial complex of the 28th United States President Woodrow Wilson, the Embassy of Uzbekistan in Washington reports.

The film returns viewers to Khorezm at the beginning of the twentieth century, where a young researcher investigates mysterious death of the great vizier Islamkhodja, who served two of the last Khiva khans.

Despite the fact that at that time the Khiva Khanate was under the protectorate of the Russian Empire, the authority and knowledge allowed Islamkhodja to freely discuss international and national policies with Emperor Nicholas II.

Islamkhodja enjoyed greater respect and political power than the ruling Khan. He advocated educational, economic and cultural reforms that threatened the ruling elite.

Historical details, the Khiva’s Ichan-Kala open-air museum, preserved authentic interiors became a convincing background of the unfolding drama based on documentary evidence.

Matthew Rojansky, Director of the Kennan Institute at the Woodrow Wilson Center, writer Natalie Rouland, Ambassador of Uzbekistan Javlon Vakhabov, author of the film Jakhongir Akhmedov took part in a lively discussion after watching the film.

More than 200 spectators, among whom were well-known directors, scriptwriters, producers, film critics, artists, art historians, writers, as well as representatives of official and business circles of Washington, became interested not only in how the film was shot, how the story corresponds to historical realities, but also the state and development prospects of Uzbekistan’s cinematography.

Guests praised the work of Uzbekistan’s director. It was noted that such films deserve high praise and are an integral part of the world film industry.

During the session, proposals were made to consider the distribution possibility of similar films by Uzbek directors on American screens.

(Source: UzA)




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