Uzbekistan aligns official exchange rate with market

05 Sep, 2017

Uzbekistan's central bank aligned the local sum currency's official exchange rate with the market one on Monday, setting it at 8,100 sums per dollar, down from 4,210 sums per dollar previously. The regulator adjusted the exchange rate - previously kept artificially strong - on the eve of a broad foreign exchange reform under which Uzbek companies and citizens will be able to freely trade foreign currency from September 5.

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