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Uzbekistan Central Bank talks currency exchange and black markets

Business Materials 26 September 2017 20:18 (UTC +04:00)

Baku, Azerbaijan, Sept. 26

By Ali Mustafayev – Trend:

Uzbekistan is working to address the consequences of the recent sharp devaluation in order to mitigate its economic impact and reduce its financial risks for citizens.

“We create necessary conditions to support the currency exchange throughout the country,” a source in the Central Bank of Uzbekistan told Trend. “The currency exchange is available in each bank of the country and we intend to keep this policy.”

The country also wages an active fight against black currency markets, suppressing illegal currency transactions.

“Adequate measures are being taken to suspend the activities of black markets,” said the source.

Uzbek government is taking significant steps to overcome the crisis and stabilize the country’s economy. The recent visit of President Shavkat Mirziyoyev to the United States and following agreements in a wide range of sectors, including trade, tourism, and energy, demonstrates a gradual realization of an anti-crisis policy by the country.

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