Finance
Finance
Average exchange rate of dollar set at 13,250 soums for 2025
The average exchange rate of the dollar for 2025 has been set at 13,250 soums, according to the draft budget message for 2025–2027 published by …
Uzbekistan and the US strengthen cooperation in cybersecurity and payment systems
A meeting was held at the Central Bank of Uzbekistan with representatives from the US Department of Commerce’s Commercial Law …
Competition in Uzbekistan’s banking sector: Updated Herfindahl-Hirschman Index for Q3 2024
The Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers of Uzbekistan (IMRS) has assessed competition in Uzbekistan’s …
License of insurance company Omad Sug’urta revoked
The National Agency for Perspective Projects (NAPP) announced on 1 November that it has revoked the licenses of the insurance …
CBU hosts meeting with Refinancing Company
A meeting was held at the Central Bank of Uzbekistan with representatives from a company specializing in mortgage refinancing.
Inflation reaches 10.2% annually
In October 2024, the consolidated Consumer Price Index (CPI) for the month was recorded at 100.8%, with a cumulative CPI …
Uzbek soum successfully regains position
The Uzbek soum has stabilized against the US dollar, reaching a rate of 12,775 soums per dollar by 31 October. …
Rising energy tariffs to add 1.5–1.8 percentage points to inflation
Starting from April 2025, Uzbekistan will implement higher tariffs for electricity and gas, which is expected to add between 1.5 …
Uzbekistan receives US$11.62 billion in remittances
In January-September 2024, the volume of cross-border remittances to Uzbekistan increased by 34.8%, reaching US$11.62 billion, Central Bank Chairman Mamarizo …
IFC invests over US$1 billion in Central Asian projects in FY 2024
In the 2024 fiscal year, the International Finance Corporation (IFC), a leading global development institution focused on the private sector …