Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s international reserves and gold holdings saw a significant increase in January, according to data from the Central Bank.

As of 1 February 2025, the country’s total reserves reached US$42.91 billion, reflecting a US$1.72 billion (4.17%) increase compared to the previous month.

The primary driver of this growth was the rise in gold value, which surged by US$3.02 billion, bringing its total worth to US$35.06 billion.

At the same time, Uzbekistan’s gold reserves increased from 12.3 million troy ounces (382.57 tons) to 12.6 million troy ounces (391.9 tons).

However, foreign currency reserves declined by US$1.29 billion, amounting to US$7.3 billion. Of this amount, US$442.3 million is held in central banks of other countries and the International Monetary Fund, while US$6.75 billion is deposited in foreign commercial banks.

Additionally, the value of foreign bonds acquired by the Central Bank saw a slight increase, reaching US$102.1 million at the beginning of the year.