Uzbekistan’s gold and foreign exchange reserves have reached another historic high, surpassing $61bn, according to data from the Central Bank.
As of December 1, the total value of the country’s international assets stood at $61.23bn, marking a $1.89bn (3.2%) increase from the previous month and a 48.49% rise since the start of 2025.
Gold holdings in the Central Bank’s vaults set a new record for the fifth consecutive month, reaching $50.85bn, up $3.01bn (6.29%) compared to October. The total gold volume increased to 12.2mn troy ounces (379.46 tonnes), with the bank adding approximately 0.3 million ounces (9.33 tonnes) in November. Despite some fluctuations earlier in the month, the price of gold remained above $4,200 per troy ounce.
Meanwhile, foreign exchange reserves fell by $1.09bn (10.7%), totaling $9.81bn. This includes $979.4mn held with foreign central banks and the International Monetary Fund, and $7.3bn in accounts with other international credit institutions.
The value of foreign securities purchased by the Central Bank increased significantly, reaching $1.52bn by the end of November, up $503.3mn from the previous month. Their share of the total official reserves rose to 2.49%.
In October 2025, the Central Bank of Uzbekistan became one of the world’s largest gold buyers, purchasing 9 tons and ranking third globally behind Poland and Brazil.
By November 1, Uzbekistan’s gold and foreign exchange reserves reached a historic $59.3bn, up $4.3bn in October and nearly $18.2bn since the start of the year.
