Uzbekistan’s Gold and Forex Reserves Hit Record $61.2 Bn

As of early December 2025, Uzbekistan’s gold and foreign currency reserves reached a record $61.2 bn, according to the central bank. Reserves rose 3.2% over the month and nearly 49% since the start of the year.

Physical gold holdings increased to 12.2 mln troy ounces, valuing the assets at $50.8 bn. Foreign currency reserves accounted for over $9.8 bn, slightly down from $10.9 bn the previous month.

In October, the central bank was among the largest gold buyers, acquiring nine tonnes. Over the first ten months of 2025, Uzbekistan exported gold worth $9.9 bn, up from $6.6 bn in the same period in 2024.