Central Bank of Uzbekistan Ranks Second Globally in Precious Metal Purchases
Economy
According to a report by the World Gold Council (WGC), the Central Bank of Uzbekistan ranked second worldwide in net gold purchases during the first four months of the year. Despite a symbolic sale of one ton in April, the regulator expanded its holdings by 24 tons since the beginning of the year, trailing only the National Bank of Poland, which boosted its assets to 595 tons. By the end of the reporting period, Uzbekistan possessed 414 tons of the precious metal, accounting for a record 88% of the country's total international assets.
According to the WGC, the People's Bank of China rounded out the top three buyers with a 15-ton increase. Concurrently, Turkey (nearly 80 tons) and Russia (22 tons) emerged as the primary global sellers of gold. National Committee for Statistics data indicates that amid price fluctuations, which saw gold dip below 4,000 dollars per ounce, Uzbekistan resumed exports following a six-month hiatus. April's export volume surpassed 1.5 billion dollars, though the cumulative figure for the first four months of this year remains lower than that of the corresponding period in 2025, when exports reached 5.48 billion dollars.
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