The volume of Uzbekistan's international reserves has been decreasing for the second consecutive month, according to data from the Central Bank.
As of January 1, 2025, the total value of assets in the regulator's reserves amounted to $41.18 billion. This is a decrease of $297.2 million or 0.7% compared to the previous month, although the volume remains close to its maximum levels and has increased by 19.1% or more than $6.6 billion over the past year.
The value of gold in the Central Bank's vaults fell by $704.4 million and now stands at $32.03 billion. Meanwhile, the tonnage of the gold reserve remained unchanged at 12.3 million troy ounces (382.57 tons).
In contrast, Uzbekistan's foreign currency reserves increased by $414 million. Their volume at the beginning of January reached $8.59 billion, including $351 million in accounts at the central banks of other countries and the International Monetary Fund, as well as $8.14 billion in foreign commercial banks.
Additionally, the value of securities purchased by the Central Bank has slightly increased to $101.7 million. In October, the regulator reported acquiring foreign bonds worth $65 million, which nearly tripled their volume.
Previously, Spot reported that in November, Uzbekistan became the second-largest buyer of gold in the world.