Why is this important
Forecasts suggest that on September 9, the official dollar exchange rate in Uzbekistan will decrease by approximately 80-81 soums. This marks the first noticeable decline since the increase at the end of last week.
What happened
- On September 5, the dollar exchange rate increased by 83 soms and reached 12,520.78 — the highest in two weeks;
- On September 6-8, the exchange rate remained above 12,500;
- According to forecasts, on September 9, the dollar will be adjusted down by approximately 80-81 soums, returning closer to 12,440 soums.
- The euro and pound also showed an increase of more than 150 soums last week.
Context
At the beginning of September, the dollar remained below 12,400. The surge on September 5th is linked to fluctuations in global currency markets and increased domestic demand.
The Central Bank continues to set the official exchange rate daily based on exchange trading. In the coming weeks, market participants will monitor the US Federal Reserve meeting and the Central Bank’s decision on key interest rates (September 11), which may affect exchange rate dynamics.
