Central Banks
One of World’s Top Gold-Buying Central Banks Is Far From Sated
- Uzbekistan is growing share of bullion in $32 billion reserves
- Central banker says Uzbekistan has reversed plans to buy debt
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The world’s second-biggest buyer of gold among central banks last quarter believes there’s hardly such a thing as too much bullion.
Uzbekistan has brought the share of the precious metal in its $32 billion reserves to almost two-thirds, in a reversal of a plan to cut it below 50% by buying US and Chinese sovereign debt.