Uzbekistan’s international reserves hit record $77 billion

As of March 1, 2026, the total value of Uzbekistan’s international reserves stood at $77.08 billion, the Central Bank reported.

The reserves increased by $2 billion in February alone and have grown by more than 16.2 percent since the beginning of the year.

The rise was driven primarily by higher global gold prices and an increase in the volume of precious metal held in the country’s reserves.

The value of Uzbekistan’s gold reserves rose for the eighth consecutive month, reaching $67.67 billion, which represents an increase of more than $2.69 billion compared with the previous month.

The physical volume of gold in reserves also expanded, rising from 12.8 million troy ounces to 13.1 million troy ounces.

During the month, the price of gold increased from $5,063.45 to $5,174.10 per ounce, contributing approximately $1.4 billion to the growth in the total value of reserves.

While gold reserves expanded, Uzbekistan’s foreign currency holdings declined.

Total currency reserves stood at $8.83 billion. Of this amount, $1.2 billion was held with foreign central banks and the International Monetary Fund, while $6.09 billion was deposited in foreign commercial banks.

The value of Uzbekistan’s foreign securities portfolio rose slightly to $1.540 billion, compared with $1.536 billion in the previous month.

At the beginning of 2026, Uzbekistan’s international reserves stood at $66.3 billion in January and $75.08 billion in February, reflecting a sharp increase over a short period.

According to a March report by the World Gold Council, Uzbekistan currently ranks 14th in the world in terms of gold reserves.