Uzbekistan's gold and foreign exchange reserves have reached a record high of $77 billion. The indicator increased by $2 billion over the past month, marking the highest level in the country's statistical history. According to a Podrobno.uz correspondent, the record was achieved primarily due to an increase in the price of precious metals.

Data from the Central Bank shows that in February, the reserves stood at $75 billion. The physical volume of gold reached 13.1 million troy ounces, with its value estimated at $67.6 billion. The foreign currency portion of the reserves amounts to $8.8 billion.

Previously, expert Ravshanbek Dalimov, in an interview with a Podrobno.uz correspondent, discussed why gold has become a “weapon” in geopolitics, how speculative capital drives the price per gram to $170, and what reforms Uzbekistan needs to transform its “golden land” into world-class jewelry brands. While this growth signals economic strength, it also highlights vulnerabilities tied to gold price volatility and dependence on global market conditions, raising questions about long-term sustainability amid fluctuating commodity markets.

Source: podrobno.uz