Uzbekistan Increases Gold and Forex Reserves by 19% in 2024

As of January 1, 2025, Uzbekistan's gold and foreign exchange reserves have increased by 19.1% year-on-year, reaching $41.182 billion, according to the country's Central Bank, The Caspian Post reports citing Interfax.

The regulator said that the volume of monetary gold increased 30% to $32.037 billion, while foreign currency assets decreased 8.3% to $8.598 billion.

The volume of monetary gold in physical terms reached 12.3 million troy ounces in 2024 compared to 11.9 million troy ounces in the previous year.

The Central Bank said that Uzbekistan's gold and forex reserves declined 3.4% year-on-year to $34.5 billion in 2023.