As of 1 November 2025, Uzbekistan’s official reserve assets stood at $59.3 billion, according to the Central Bank’s report on the country’s international reserves.

This figure marks an all-time high in the nation’s history. Since the beginning of the year, global gold prices have risen by nearly 50%, contributing to a significant increase in Uzbekistan’s reserves. The country’s gold and foreign exchange reserves grew by $4.3 billion in October alone and by approximately $18.2 billion since January.

According to the data, in October the foreign currency component of the reserves grew by $731 million, while the gold component rose by $3.6 billion, reaching $47.8 billion.

In addition, the country’s gold holdings reached 11.9 million troy ounces, up from 11.6 million troy ounces. 

Amid rising global gold prices, Uzbekistan’s gold and foreign exchange reserves have grown substantially since the start of the year. The value of securities purchased by the Central Bank also edged up slightly last month to $1.023 billion.

According to the report, the sharp increase in gold prices since early 2025 is directly linked to global market trends. Gold experienced a steep increase in value between February and May due to geopolitical tensions and the U.S. Federal Reserve’s global monetary policy.