Tashkent, Uzbekistan (UzDaily.com) -- International reserves of Uzbekistan have continued to decline for the second consecutive month, according to the data of Central Bank of Uzbekistan,

As of 1 January 2025, the total value of international reserves amounted to US$41.18 billion, which is US$297.2 million, or 0.7%, lower than the previous month.

Despite this decrease, the reserves remain at a high level, having increased by 19.1% over the past year, equivalent to more than US$6.6 billion.

The value of gold held by the Central Bank decreased by US$704.4 million, totaling US$32.03 billion. However, the tonnage of gold reserves remained unchanged at 12.3 million troy ounces (or 382.57 tons).

Foreign currency reserves increased by US$414 million, reaching US$8.59 billion as of early January. Of this amount, US$351 million are held in accounts at central banks of other countries and the International Monetary Fund, while US$8.14 billion are placed in foreign commercial banks.

The value of foreign bonds purchased by the Central Bank slightly increased, reaching US$101.7 million as of the beginning of the year.