Banks buy hard currency for US$565m from population
15/11/2017 16:59
Banks buy hard currency for US$565m from population
15/11/2017 16:59
Tashkent, Uzbekistan (UzDaily.com) -- Over the past two months, commercial banks of Uzbekistan purchased foreign currency of the population for US$565 million. This was announced at a meeting of the International Press Club.
During the meeting, it was noted that the volume of currency sales by exporters increased more than 2 times compared to average monthly transactions in the first half of 2017.
Liberalization of the foreign exchange market, improvement of the conditions for foreign economic activity, ensures a stable growth of foreign exchange inflow to Uzbekistan.
Against the backdrop of the ongoing changes in the economy and the improvement of the business community’s expectations for 9 months, the volume of foreign exchange earnings from exports increased by more than 20%.
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