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    Uzbekistan

    Uzbekistan’s gold and FX reserves near $50bn in 5M25

    Uzbekistan’s gold and FX reserves near $50bn in 5M25

    Uzbekistan’s gold and foreign exchange reserves totaled $49.66bn as of the end of May 2025, marking a record high since the Central Bank began tracking these figures in 2013.

    Source: Bloomberg
    Source: Bloomberg

     

    According to data released by the Central Bank, the reserves increased by $410.2mn, or 0.83%, compared to April. 

    This marks the fifth consecutive month of growth. Since the start of the year, the reserves have grown by $8.48bn, an increase of 20.6%.

    While the physical volume of gold held in reserves slightly decreased to 11.4mn troy ounces (approximately 353.85 tons), its overall value rose by $2.2mn, reaching $37.65bn. This increase is attributed to a rise in global gold prices.

    In April, Uzbekistan’s gold and foreign exchange reserves surpassed $49.2bn for the third consecutive month, setting successive records. 

    Additionally, Uzbekistan maintained its position as a global leader in gold sales during April. The Central Bank sold 11 tons of gold that month, bringing the net gold sales to 26 tons over the past year, according to the World Gold Council.

     

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    9 June, 15:00   Comments (0)   821
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