Uzbekistan says it will liberalize its currency regulations, no longer fixing the som to the U.S. dollar and removing restrictions on the amount of foreign currencies individuals and companies can buy ...

Getting hard currency in and out of Uzbekistan, with its notoriously tight controls over cash flows, is about to become even harder as Tashkent brings into force draconian new checks over bank ...

ALMATY (Reuters) - Uzbekistan plans to allow its citizens to buy and sell foreign currency at banks and exchange bureaus from early September, two banking sources told Reuters on Thursday. The measure ...

Telecommunications firm Veon Ltd. ADR (VEON) said Friday that the devaluation of the Uzbek som versus the U.S. dollar will decrease net assets by $485 million, lower revenue and reduce free cash flow.

In an unusual move, Uzbekistan is reportedly looking to create a national cryptocurrency mining pool and digital asset exchange. One of the country’s government bodies, the National Agency for Project ...

A white sedan pulls up at a busy intersection in downtown Tashkent. The driver lowers the window, a man loitering nearby approaches, the driver hands over a fistful of $100 bills, the man hands over a ...

TASHKENT, Uzbekistan, November 24. The average return on deposits in the national currency in Uzbekistan stood at 21.4 percent by the end of October 2023, Trend reports. As per data by Uzbekistan’s ...

Uzbekistan plans to further liberalize the foreign exchange market this year, Trend reports citing the Uzbek media. The draft state program for 2019 notes that the Central Bank, the Finance and ...

Uzbekistan's Central Bank is putting new restrictions into place that could reduce the widespread use of hard currency by ordinary citizens. The restrictions – which took effect on February 1 – are ...

From July 17-24, a team from the International Monetary Fund visited Uzbekistan. The concluding statement from the visit — when read next to the last such statement after a similar mission in 2013 — ...