What happened
The Central Bank updated the latest foreign exchange rates for May 11.
- Growth: the dollar, ruble, and euro.
- As of May 11, the US dollar is being sold at 12,170 soums in commercial banks.
US dollar exchange rates in commercial banks on May 11:
- Anorbank: selling rate — 12,140 soums;
- Asia Alliance Bank: selling rate — 12,160 soums;
- Tenge Bank: selling rate — 12,170 soums;
- Octobank: selling rate — 12,170 soums.
Context
- The exchange rate of foreign currencies in Uzbekistan fluctuates depending on global trade trends, external market influences, energy costs, and seasonal business demand.
- The dollar is a key global currency for import settlements — therefore, any fluctuations are reflected in the final prices.
