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TASHKENT (TCA) — The government of Uzbekistan says that private citizens will be allowed to purchase foreign cash as of October 1 for the first time since shortly after the country gained independence in the Soviet breakup of 1991, RFE/RL's Uzbek Service reported. Continue reading
TASHKENT (TCA) — After two decades of restrictions and black-market reign, the government of Uzbekistan has finally introduced the currency convertibility. The move will certainly help bring in much-needed investments, but it may also lead to unpleasant surprises for the Uzbek population — such as consumer prices growth. We are republishing this article on the issue, originally published by EurasiaNet.org: Continue reading
TASHKENT (TCA) — The government in Uzbekistan says it will liberalize the country’s currency regulations, no longer fixing the national currency, the soum, to the U.S. dollar and removing restrictions on the amount of foreign currencies individuals and companies can buy, RFE/RL reports. Continue reading
TASHKENT (TCA) — Under the new president, Uzbekistan has embarked upon perhaps the most important economic reform, aimed at making the national currency freely convertible. The plan, if implemented, would help the country attract more foreign investment, as investors would have the possibility to freely exchange their profit in Uzbekistan for hard currency and take it out of the country. We are republishing this article by Gregory Gleason on the issue, originally published by EurasiaNet.org: Continue reading
TASHKENT (TCA) — An International Monetary Fund (IMF) mission led by Mr. Albert Jaeger visited Uzbekistan during July 17–24 to discuss economic developments and the authorities’ reform plans. Continue reading
DUSHANBE (TCA) — Although the external environment is expected to improve, rising domestic vulnerabilities pose a significant risk to maintaining robust economic growth in Tajikistan, the World Bank said in its latest issue of the Country Economic Update for Tajikistan. Continue reading
