Uzbekistan: The som has been stable so far but how long can it last?

Kar Mun Lai, CFA    Firdavs Olimov, CFA, Kenneth Lai Kar Mun, CFA, Shawn Abdurakhimov , Hasan Khudoyorov
18 Oct 2018
Categories: Macroeconomics, General Market Analysis, Economics, Investment Management, Regulatory changes, Investor Education, Currency, Equity Investments

Country or region: Asia Pacific (Overall)

Summary:
Since one-off devaluation of the Uzbekistani som to 8,100 UZS/USD from 4,210 on 5 September 2017, the currency has been quite stable thanks to growing exports, increasing foreign investments, loans from international financial institutions (EBRD, ADB, etc.), decreasing use of US dollar within Uzbekistan, and a small intervention from Central ......


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