According to new indicators published by the Central Bank, Uzbekistan's gold and foreign currency reserves reached $61.23 billion as of December 1, 2025. This is the highest result for the country in the last decade - more precisely, since 2013.
In November, reserves increased by another $1.9 billion, and since the beginning of the year, the growth has amounted to almost $20 billion. Experts point to the increase in the price of gold on the world market and the increase in the amount of physical gold in the country's reserves as the main factors of this growth.
Gold volume and value record
Physical reserves of gold also increased for the second month in a row. In November, the volume increased by 310 thousand troy ounces (i.e., 9.64 tons), and the total volume reached 12.23 million ounces (380.4 tons). Nevertheless, since the beginning of the year, there has been a slight decrease in total volume, about 2.1 tons.
However, the most noteworthy aspect is that the value of gold reserves increased by $3 billion, reaching a historical maximum of $50.86 billion.
Currency and securities parts
The foreign currency portion of reserves decreased slightly, amounting to $9.8 billion with a decrease of $1.1 billion.
The volume of securities increased by $503.3 million compared to the previous month, and the total volume reached $1.53 billion.
Record result in gold exports
Earlier, on November 1, 2025, the value of Uzbekistan's reserves exceeded $59.3 billion for the first time, marking a historic milestone. The country also broke the record for gold exports: $9.9 billion worth of gold was sold in January-September. This is almost 71% more than in the same period last year, and such an indicator has not been observed in the country's history even in annual terms.
Such an increase in Uzbekistan's reserves is noted as an important factor contributing to economic stability, stability in relation to external debt, and financial security.
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