Record Broken: Uzbekistan’s Gold Reserves Surpass $35 Billion
Economy
As of February 1, the total value of assets in Uzbekistan’s reserves increased by $1.73 billion (4.2%) in one month, reaching $42.9 billion. Their volume is approaching record highs, according to the Central Bank.
The value of gold reserves rose by $3.02 billion—from $32.03 billion to $35.06 billion—setting a new record. The physical volume of gold increased to 12.6 million troy ounces (391.9 tons).
Last month, Uzbekistan’s foreign currency reserves decreased by $1.3 billion, bringing the total to $7.3 billion. This includes $442.3 million in accounts at other central banks and the IMF, as well as $6.75 billion held in foreign banks.
Additionally, the value of securities purchased by the Central Bank slightly increased by $102.1 million over the month.
It is worth noting that in 2024, Uzbekistan ranked among the world's top ten largest gold buyers.
Last month, Uzbekistan’s foreign currency reserves decreased by $1.3 billion, bringing the total to $7.3 billion. This includes $442.3 million in accounts at other central banks and the IMF, as well as $6.75 billion held in foreign banks.
Additionally, the value of securities purchased by the Central Bank slightly increased by $102.1 million over the month.
It is worth noting that in 2024, Uzbekistan ranked among the world's top ten largest gold buyers.
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