Uzbekistan gold and forex reserves decline in May data

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s international reserve assets stood at US$70.58 billion as of 1 June 2026, decreasing by US$307.2 million, or 0.44%, over the month, according to data from the Central Bank of the Republic.

The overall decline in reserves occurred amid decreases in both gold and foreign currency components. The value of gold in the reserve structure fell by US$156 million to US$61.43 billion.

At the same time, the physical volume of gold reserves increased to 13.6 million troy ounces, equivalent to 423 tonnes.

According to the data, the dynamics of the gold component were influenced by a decline in global precious metal prices.

During May, gold quotations on international markets fell by 3.3%. At the beginning of the month, the price per troy ounce was around US$4,700, falling to US$4,550 by mid-May, and dropping below US$4,500 in the final week of the month for the first time since March.

The foreign currency portion of reserves stood at US$8.57 billion at the end of May, down US$150 million from the previous month.

Funds placed in accounts with foreign banks decreased by 20% to US$5.72 billion. Of this amount, US$1.15 billion is held in accounts with central banks of other countries and the International Monetary Fund, while US$4.56 billion is held in foreign commercial banks.

At the same time, the Central Bank significantly increased its investments in foreign securities. As of the end of May, their value reached US$2.85 billion, up 84% compared to the previous month.

The share of such assets in the total structure of international reserves amounted to 4%.