Many Uzbekistan banks have imposed restrictions for buying US dollars this week after the Uzbek soum lost 5% against other currencies, with many banks not selling more than US$ 200 per person. This move could probably be aimed at preventing further slipping of the Uzbek currency.
Earlier, the chairman of the Central Bank Mamarizo Nurmuratov at an online briefing on Wednesday denied reports that banks had imposed restriction for the sale of foreign currency.
He ruled out that authorities would intervene to managing the currency, and stated that any intervention would break the market rules, then it would be very difficult to correct.
Also, on April 14, the Central Bank cut its interest rate by 1 percentage points to 15% per annum.
