Uzbekistan’s official reserve assets bounce back to over $70 billion in April after March decline

According to the latest figures from the Central Bank, the country’s total international assets rose by $1.9 billion – a 2.76% increase – to reach $70.89 billion as of May 1.

The valuation of gold held by the regulator grew to $61.59 billion, representing a monthly increase of $743.6 million. This rise in value occurred despite a slight decrease in the physical volume of the precious metal. For the first time since September 2025, the Central Bank acted as a net seller on the international market, with gold stocks dipping by approximately 0.1 million troy ounces (3.1 tonnes) to settle at 13.3 million ounces (around 413.7 tonnes).

Global gold prices remained volatile throughout April, largely fluctuating between $4,600–4,900 per ounce, before softening toward the $4,550 mark in the final days of the month.

The foreign currency component of the reserves also saw a substantial recovery, jumping by $1.15 billion – a 15.2% surge – to a total of $8,72 billion. These liquidity holdings include $1.24 billion kept in the International Monetary Fund and other central banks, alongside $5.92 billion deposited with foreign commercial lending institutions.

Additionally, the portfolio of foreign securities held by the Central Bank saw a modest increase in value to $1.549 billion. Despite this nominal growth, the relative share of securities within the total official reserve assets edged down slightly, falling below 2.2%.