Uzbek Central Bank announces newly-set exchange rates
BAKU, Azerbaijan, Jul. 6
By Nargiz Sadikhova - Trend:
Uzbekistan’s Central Bank of Uzbekistan has announced new exchange rates, which will be valid starting Jul. 7 till Jul. 12, Trend reports with reference to the bank.
Thus, the US dollar rate rose to 10,184 soum per US dollar, euro rose to 11,455 soum, and Russian ruble increased to 142.4 soum.
According to the head of the Central Bank, the currency position (the ratio of the bank's claims and liabilities in foreign currency) in US dollars is set at 10 percent, and for all other foreign currencies - 15 percent.
The Central Bank's basic inflation forecast for the end of 2020 has been revised downward from 12-13.5 percent to 11-12.5 percent.
The bank noted that by the end of the first half of the year, it is expected to gradually exhaust the effects of the April exchange rate adjustment to external conditions and the COVID-19 pandemic on the price level.
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