The volume of foreign currency sold by individuals to banks reaches US$3.7 billion

Askar Yakubov · 11:10, 17.11.2020 · Updated 23:15 · 523 views

Tashkent, Uzbekistan (UzDaily.uz) -- For January-October 2020, the volume of foreign currency sold by individuals to banks reached US$3.7 billion, an increase of 25% or US$744 million compared to the same period of last year.

At the same time, the volume of purchases of foreign currency by individuals made up US$3.3 billion, which is 2.7 times more than in the corresponding period of last year (US$1.2 billion).

At the same time, the bulk of these funds (79%) was purchased in cash through foreign exchange offices, while the share of alternative methods (online conversion, automated exchange ATMs, etc.) accounted for 21% or US$687 million.

As a result, the surplus (net supply) on these transactions amounted to US$350 million.

Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.