Uzbekistan’s gold and currency reserves decreased by almost $2 billion
Reserves of the Central Bank in foreign currency decreased by more than $3 billion annually.

Photo: Akio Kon / Bloomberg
As of March 1, the official international reserves of Uzbekistan amounted to $33.96 billion, Spot reports citing the Central Bank.
In February, their volume decreased by $1.98 billion compared to January, while at the same time, it increased from a two-year low of $1.65 billion in October.
Free exchange reserves decreased by $1.24 billion to $10.07 billion over the month. The volume of deposits and cash currency of Uzbekistan in foreign banks decreased by $1.17 billion and reached the minimum level in the last four months.
Taking into account the reduction in tonnage by 100,000 troy ounces (3.1 tons), gold reserves fell by $717 million. It is currently valued at $22.83 billion, which is the lowest this year, but continues to be close to a record high.
The Central Bank currently holds 391 tons or just over 12.6 million ounces of the precious metal.
In the last month, gold quotes on world exchanges fell to $1,842 per ounce, but rose above $1,850 in March. At the beginning of January, experts estimated that in 2023 the price of gold on the world market could increase to $1,900 per troy ounce.
According to official statistics, in January, Uzbekistan sold gold worth $1.18 billion, which is 56.75% of the total export. The income from the sale of the precious metal doubled compared to last January.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
SF Airlines launches cargo flights from Lanzhou to Tashkent
SOCIETY | 19:19 / 02.04.2025
-
Uzbekistan sees 20% increase in budget revenue in Q1 2025
SOCIETY | 19:17 / 02.04.2025
-
Namangan regional court judge releases repeat offender convicted of running a brothel
SOCIETY | 18:53 / 02.04.2025
-
Over 303 billion UZS for pensions and 500 billion UZS for social allowances: March social protection payments revealed
SOCIETY | 16:12 / 02.04.2025
Related News

13:07 / 02.04.2025
Central Bank reports moderate strengthening of UZS in early 2025

13:44 / 01.04.2025
Uzbekistan’s trade deficit reached $17.4 billion in 2024 – Central Bank

16:21 / 29.03.2025
Uzbekistan’s total external debt hits $64.1 billion

18:20 / 26.03.2025