Uzbekistan's international reserves fell by $2.96 billion in October to $63.63 billion, according to the central bank's November 1, 2026 data. The monthly decline was approximately 4.45%.
The value of monetary gold dropped from $60.09 billion to $58.04 billion. Physical holdings nevertheless increased from 14.344 million to 14.580 million troy ounces. A lower dollar valuation therefore accompanied an increase in the amount of gold held.
The central bank's explanatory note attributes an approximately $3 billion negative valuation effect to gold prices falling from $4,188.75 to $3,981.10 per ounce. This revaluation effect should be distinguished from transactions in reserve assets.
Foreign-currency reserve assets decreased from $5.93 billion to $5.01 billion. Within that category, securities fell from $1.69 billion to $1.15 billion, while currency and deposits declined from $4.24 billion to $3.86 billion.