As of January 1, 2026, Uzbekistan's gold and foreign exchange reserves stood at $66.3 billion, increasing by $5.1 billion in December, the Central Bank said in a report.
Over the past month, the currency part of the reserves increased by $829 million, while the value of the gold part increased by $4.2 billion, reaching $55 billion. The physical volume of gold in the reserves also increased from 12.2 million troy ounces to 12.6 million troy ounces.
In general, Uzbekistan's reserve assets increased by $25.1 billion in 2025. The significant increase was due to rising gold prices on the international market. In October, prices surpassed the $4,000 mark due to uncertainties in global trade, concerns about the independence of the US Federal Reserve system, and doubts about the fiscal stability of the United States. By December, the price of the precious metal had risen above $4,500. Gold rose 70 percent in 2025, recording the largest increase in 46 years.
Furthermore, the value of securities purchased by the Central Bank increased by $102 million to $1.532 billion during the year.
