BAKU, Azerbaijan, Apr. 6
By Ilkin Seyfaddini – Trend:
The US dollar saleat the auctions of the Uzbek Republican Currency Exchange declined last week (March 30 to April 3, 2020) by 14.5 percent to $285.01 million compared to the previous week, while currencies of EU countries declined by 63.1 percent to 41.64 million euros, Trend reports citing the exchange.
Last trading week, the weighted average USD rate fluctuated in the value range of 9,563-9,626 soums, the interest rate corridor - 0.66 percent against 9,535-9,572 soums and 0.39 percent, respectively, the week before.
The euro rate varied in the reporting period in the monetary range of 10,440-10,595 soums and in the interest corridor - 1.48 percent against 10,277-10,525 soums and 2.41 percent respectively last week.
At the same time, the USD updated the historical maximum three times last week and fixed at the highest level of 9,626 soums on Friday, rising by 125 soums or 1.32 percent since the beginning of this year.
The Uzbek Republican Currency Exchange was established in May 1992 and specializes in organizing and conducting interbank exchange trades on purchase and sale of foreign currency, determining the rate of national currency to foreign currencies by results of trades.
As of today, the authorized capital of the exchange was formed at the rate of 1.069 billion soums ($111,424) through placement of 1.069 million common shares with nominal value of 1,000 soums. Its shareholders are the Central Bank - 50.13 percent. National Bank of Foreign Economic Activity and Uzpromstroybank - 11.13 percent each, Agrobank and Ipak Yuli Bank - 8.9 percent, Orient Finance Bank - 5.76 percent, Halk Bank - 4.05 percent.
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