Saturday, 13, July, 2024

Uzbekistan banks on the evening of April 14 raised the USD to UZS exchange rate to over 10 thousand soums. If earlier in the day, banks were buying USD at 9750–9840 soums range and were selling for 9850 soums, then by 8-00 PM most banks increased the rates to 10,050 and 10,150 soums, respectively.

The Central Bank’s April 14 USD rate was at 9693 soums.

A day earlier, on April 13, the Central Bank explained the increase in the USD to UZS exchange rate by the influence of internal and external factors, including reduction in exports and remittances.

The regulator assessed the likelihood of the soum's sharp devaluation as low and noted that banks had enough cash for conversion operations.

Latest in Finances