Moreover, Mamatov pointed out that the geopolitical tension caused by the actions of Western countries and the U.S. administration also contributes to the rise in gold prices.
As a solution, the economist suggested using gold and foreign currency reserves to support the issuance of virtual assets. This would allow attracting investments without selling off gold and preserving it as a strategic reserve amid the escalating global crisis.
Mamatov also noted that the introduction of a digital som is a correct step, but it is still tied to the national currency. "If the som weakens in a crisis situation, the digital som will face the same risks. I believe it is necessary to create a separate financial circuit — a conditional 'golden som' or a virtual asset backed by gold reserves and resources from the mining sector. We still have time for such strategic preparation," said the economist.
He urged the authorities not to limit themselves to just the indicators of reserve growth, but to carefully analyze risks and seize opportunities to strengthen the economy, ensuring the country's readiness for future global challenges.
