Uzbekistan's official gold and foreign currency reserves have increased to an unprecedented level in recent years. This was reported by Zamin.uz.
According to the Central Bank data, as of November 1, 2025, the country's international reserves reached 59.3 billion dollars. This figure is recorded as the highest result in Uzbekistan's history.
The Central Bank report notes that the reserves increased by 4.3 billion dollars within one month. This growth is mainly related to the nearly 50 percent rise in gold prices on the world market since the beginning of the year.
Specifically, in October, funds in foreign currencies increased by 731 million dollars, while the value of gold reserves rose by 3.6 billion dollars, reaching 47.8 billion dollars. Additionally, the physical volume of gold also increased, rising from 11.6 million troy ounces to 11.9 million troy ounces.
Moreover, the portfolio of securities on the Central Bank's balance sheet also grew, reaching 1 billion 23 million dollars. According to experts, the sharp rise in gold prices is linked to economic instability in global markets, geopolitical conflicts, and policy decisions by the US Federal Reserve System.
Economists assess this situation as a factor strengthening Uzbekistan's financial stability and enhancing its ability to withstand external economic shocks. Source: Spot.uz.
