Uzbekistan’s Gold Reserves Approach Record High of $50 Billion

According to a report from the Central Bank, Uzbekistan's international gold and foreign exchange reserves totaled $49.66 billion as of June 1.

The value of gold in the reserve is equal to more than $37.6 billion. In addition, over $11 billion are stored in convertible foreign currency, and another $700 million are in securities, The Caspian Post reports citing AKIpress.

The current size of the gold and foreign exchange reserves is a record for the entire period of statistics, which the Bank began to openly publish in 2013.

The figure was $41.18 billion at the beginning of 2025. The reserves increased by almost $8.5 billion, or more than 20% in five months.

The reserves increased due to the rapid growth of gold prices on the world market. The gold prices grew by 25.5% in January-May, and by 41% in annual terms. Its quotes approached the mark of $3,300 per troy ounce.

The physical volume of the gold in reserves decreased to 355.5 tons, which is the minimum value since June 2022.

In February-April, Uzbekistan actively sold about 12 tons per month. Only in May did export volumes decrease to 1 ton.