Uzbekistan’s Foreign Exchange Reserves Increase by US$1.9 Billion in November

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s gold and foreign exchange reserves reached a record US$61.2 billion at the end of November 2025, rising by US$1.9 billion over the month.

This growth continues the strong upward trend of recent months: reserves increased by US$1.34 billion in August, US$4.9 billion in September, and US$4.3 billion in October. Since the beginning of 2025, total reserves have expanded by US$20 billion.

At the same time, foreign exchange reserves declined from US$10.9 billion to US$9.8 billion in November, while the value of gold in the reserve structure rose by US$3 billion, reaching US$50.9 billion. The physical volume of gold increased from 11.9 million to 12.2 million troy ounces.

Meanwhile, the Central Bank’s holdings of international securities grew from US$1 billion to US$1.5 billion over the month, compared with just US$101.7 million at the beginning of the year.

Thus, the Central Bank continues to build up reserves primarily through gold and international securities, strengthening the country’s financial stability and international solvency.