As of January 1, 2026, Uzbekistan's gold and foreign currency reserves reached $66.3 billion. This figure increased by $5.1 billion in a month at the end of December. This information is presented in the official report of the Central Bank.
It was reported that the foreign currency portion of reserves increased by $829 million over the past month. At the same time, the value of gold reserves increased by $4.2 billion, reaching $55 billion. The physical volume of gold also increased, from 12.2 million troy ounces to 12.6 million troy ounces.
Overall, the country's reserve assets increased by $25.1 billion in 2025. Such a sharp increase is mainly associated with a significant increase in the price of gold in the international market.
As a result of uncertainties in world trade, concerns about the independence of the US Federal Reserve System, and growing doubts about the fiscal stability of the United States, the price of gold in October exceeded $4,000. By December, the price of the precious metal had risen to over $4,500. As a result, during 2025, the price of gold increased by 70 percent, recording the highest growth rate in the last 46 years.
In addition, the value of securities purchased by the Central Bank has also increased significantly. In particular, this figure increased from $102 million at the beginning of the year to $1 billion 532 million.
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