Uzbekistan’s gold and FX reserves as of December 1 amounted to $32.89bn, very slightly edging down from $32.90bn a month earlier, according to central bank figures.
Hard currency assets stood at $8.61bn, one of the lowest figures recorded in the data series. November saw the assets increase by $237.9mn. However, for seven consecutive months they have totalled less than $10bn.
The gold reserves decreased slightly to $23.72bn, losing $246.5mn. Gold tonnage declined by 3.5% to 11.6mn troy ounces (360.78 tonnes) from 12mn troy ounces (373.23 tonnes) a month earlier. The fact that the world gold price for the first time in history exceeded $2,100 per ounce may have prompted central bank gold sales. In October, the central bank sold 11 tonnes of gold.
The volume of deposits of the central bank of Uzbekistan deposited with central banks of other countries, as well as with the IMF, fell slightly to $336.1mn. Amounts held on accounts in other foreign financial institutions moved up by $293.4mn to more than $8bn. However, the total has fallen by more than $2bn since the beginning of the year.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Net income at Freedom Holding Corp more than doubles in fiscal 2026
Freedom Holding Corp (Nasdaq: FRHC) slightly more than doubled its net income to $153.3mn in its fiscal year to March 31 from from $76.2mn in the previous fiscal 12 months, the international ... more
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
Georgia’s TBC Bank weighs up separate IPO for TBC Uzbekistan digital bank
London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more