In 2024, the total volume of official reserves increased from .56 billion to .18 billion, or by 19.1 percent. The physical volume of gold increased by almost 360 thousand troy ounces, and its value by billion 404.52 million. Also, the value of securities purchased by the Central Bank increased by .7 million, or 190.5%, reaching 1.7 million since the start of disclosing information (June 2024).
In 2024, due to the maximum increase in gold prices, there was a record increase in Uzbekistan’s international reserves. In November, the country’s official reserve assets increased by 24.8% compared to the beginning of the year and amounted to billion 139.1 million.
After the US presidential elections, gold prices began to fall, which affected Uzbekistan’s gold and foreign exchange reserves. Gross international reserves decreased by 0 million in December.
Uzbekistan’s reserve assets continue to decline for the second month since gold prices began to fall. In November, this difference amounted to newscat="%",671.5 million, and by the end of December – 0.2 million.
