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Central Bank of Uzbekistan reveals volume of foreign currency sales

Finance Materials 15 July 2020 15:19 (UTC +04:00)
Central Bank of Uzbekistan reveals volume of foreign currency sales

BAKU, Azerbaijan, July 15

By Ilkin Seyfaddini - Trend:

The volume of foreign currency sales by individuals in Uzbekistan reached $2.2 billion for the 1H2020, Trend reports citing the Central Bank of Uzbekistan.

During the reporting period, the volume of foreign currency sales increased by 57 percent ($797 million) compared to the same period in 2019.

In turn, the volume of foreign currency purchased by individuals stood at $1.7 billion in the first half of 2020, three times more than in the same period of 2019 ($557 million).

According to the bank's data, the volume of foreign currency purchased by individuals in June 2020 reached $323 million showing the highest level since the beginning of the year.

Thus, the trade surplus was $491 million which is $351 million (or 42 percent) less than for the same period in 2019.

The volume of cross-border money transfers to Uzbekistan amounted to $2.4 billion in the first half of 2020. This is six percent ($156 million) more compared to the same period of last year.

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