Baku, Azerbaijan, May 6
By Fakhri Vakilov – Trend:
The Central Bank of Uzbekistan has published new exchange rates, which will be effective from May 7, Trend reports with reference to the Central Bank.
Monday data demonstrates that the US dollar rose slightly compared to last week, and the euro made a big jump.
The American currency added 3.4 soums, making 8448.89 soums.
The European currency has risen in price for 47.73 soums and now stands at 9462.76 soums.
The central bank can influence the level of demand and supply of foreign currency through monetary policy by containing growth in the money supply and increasing the attractiveness of assets in national currency.
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