Uzbekistan's gold and foreign exchange reserves reach record levels

As of March 2025, Uzbekistan's gold and foreign exchange reserves reached $47.85 billion. This is the highest figure since the start of statistics, the Central Bank reported.

Compared to February, reserves increased by $2.91 billion (+6.5%). The increase was mainly due to the increase in the price of gold on the world market. Although the amount of gold in reserves decreased from 379 tons to 367 tons, its value reached $36.88 billion. At the same time, foreign exchange reserves also amounted to $10.42 billion.

Gold prices rose 9.2% in March and 17.8% year-to-date, making the precious metal one of the most profitable assets amid U.S. trade policy and global financial instability.

The Central Bank states that gold and foreign exchange reserves are used to ensure the stability of the national economy, cover external debt obligations, and protect against currency risks.