This is reported by UZ with reference to the Central Bank of the country.
The main factor in the growth of reserves was a significant increase in the value of gold, which increased by $18.8 billion over the year.
In December, reserves continued to grow: during the month, their volume increased by another $5.079 billion, which set another record. As of January 1, 2026, the total value of reserve assets amounted to $66.3 billion, the highest figure since the publication of statistics on the country's international reserves.
The physical volume of gold also increased by 400 thousand troy ounces, to 12.6 million troy ounces.
At the same time, foreign exchange assets increased. The volume of reserves in foreign currency increased by $829.1 million and reached $10.6 billion. The value of securities purchased by the Central Bank increased by $503.3 million to $1.5265 billion.
In the structure of international reserves at the end of 2025:
securities amounted to $1.531 billion (+5.3 million);
cash and deposits — $9.112 billion (+823.9 million);
Other assets in foreign currency amounted to $93.9 million (+21.8 million), including deposits outside official reserve assets by $42.34 million, and gold outside official reserves by $51.52 million.
The Central Bank also noted that the growth of gold and foreign exchange reserves and reaching a record level in 2025 are important for strengthening Uzbekistan's economic stability and its position in the international financial system.
