In January 2025, Uzbekistan’s foreign exchange reserves experienced growth, as reported by the Central Bank. According to the data, the total value of assets in reserves reached $42.9 billion by February 1st, which is a $1.72 billion (4.17%) increase compared to the previous month. The value of gold rose by $3.02 billion, reaching $35.06 billion. This increase is attributed to the rise in global prices for the precious metal, with the price per troy ounce approaching $2900. Additionally, the physical volume of gold reserves also increased from 382.57 tons (12.3 million troy ounces) to 391.9 tons (12.6 million troy ounces). However, the country’s foreign currency reserves decreased by $1.29 billion, falling below $7.3 billion. Of these, $442.3 million are held in accounts with other central banks and the International Monetary Fund, while $6.75 billion are in foreign commercial banks.
