Baku, Azerbaijan, Feb.19
By Nigar Guliyeva – Trend:
The official euro exchange rate in Uzbekistan increased by 101.13 soums compared to last week - up to over 10 158 soums for Feb.20, according to the Central Bank of Uzbekistan.
Compared to the previous week, the official rate of the USD decreased by 5.6 soums and amounted to 8182.73 soums.
The ruble increased by 4.14 soums, to 145.10 soums per one ruble, while British pound increased by 132.98 soums up to 11 482 soums
The Central Bank may affect the level of demand and supply of foreign currency through monetary policy by curbing the growth of the money supply and increasing the attractiveness of assets in the national currency, the Central Bank said.
Last September, Uzbekistan devalued its currency by almost half as the country floated the soum to end more than two decades of economic and market isolation. The country’s central bank rated the U.S. dollar at 8,100 soums on September 5, compared with the previous rate of 4,210 soums.
Before the currency reform in Uzbekistan, there were several exchange rates, including the official exchange rate of the Central Bank, the exchange clearing rate of the US dollar, which was used by the importers of goods, as well as the "black" rate for the bulk of the population.