Uzbekistan’s Gold and Foreign Exchange Reserves Hit Near Record $48 Billion
Uzbekistan’s Foreign Exchange Reserves Reach Historic High in March 2025
Uzbekistan’s Central Bank has reported that the country’s foreign exchange reserves have reached a historic high of $47.85 billion as of the end of March 2025. This marks an impressive increase of $2.9 billion in just one month, demonstrating the country’s strong economic growth.
The main factor driving this growth was the increase in the value of Uzbekistan’s gold reserves, which rose from $34.9 billion to $36.9 billion during this period. This was achieved despite a slight decrease in the physical volume of gold from 12.2 million to 11.8 million troy ounces. The country’s gold reserves continue to play a significant role in bolstering its foreign exchange reserves.
In addition to the growth in gold reserves, foreign currency reserves also saw an increase, rising from $9.5 billion to $10.4 billion. Despite this, the volume of international securities held by the Central Bank remained relatively stable at around $203 million.
Uzbekistan’s increasing foreign exchange reserves are a positive indicator of the country’s economic stability and growth. With strong reserves in gold and foreign currency, Uzbekistan is well positioned to weather any potential economic challenges in the future.
