In January, Uzbekistan's international reserves and gold stock significantly increased, according to data from the Central Bank.
As of February 1, the total value of the regulator's assets in reserves amounted to $42.9 billion—this is an increase of $1.72 million or 4.17% compared to the previous month. As a result, the volume of assets remains close to the maximum levels reached in October of the previous year.
The value of gold in the Central Bank's vaults rose by $3.02 billion and now stands at $35.06 billion, setting a new record. The likely reason for this is that on global markets, the price of one troy ounce of the precious metal approached the mark of $2900.
Meanwhile, the tonnage of the gold stock slightly increased—from 12.3 million (382.57 tons) to 12.6 million troy ounces (391.9 tons).
Uzbekistan's foreign currency reserves have significantly decreased—by $1.29 billion. Their volume at the beginning of February fell below $7.3 billion, which includes $442.3 million in accounts with central banks of other countries and the International Monetary Fund, as well as $6.75 billion in foreign commercial banks.
Furthermore, the value of securities purchased by the Central Bank has slightly risen—to $102.1 million. In October, the regulator reported acquiring foreign bonds worth $65 million, which nearly tripled their volume.
In 2025, the Central Bank plans to continue purchasing U.S. government bonds. To diversify its gold and foreign currency reserves, the regulator will invest in risk-free assets.
Earlier, Spot reported that Uzbekistan entered the top ten largest gold buyers in the world in 2024.