The dollar exchange rate has fallen again: is the economists' concern justified?

The Central Bank announced new values of foreign currencies against the Uzbek som on April 23. According to it, the US currency has once again lost its value, this time decreasing by 30.68 som, amounting to 12,878.96 som.

The euro has also decreased by 106.26 som, currently valued at 14,801.79 som. The Russian ruble has dropped by 1.36 som, now equal to 158.39 som.

It is worth noting that a day earlier, the dollar exchange rate had fallen to 28.56 som, amounting to 12,909.64 som. The value of the dollar in Uzbekistan was last lower than 12,900 som on February 25.

Discussions about the exchange rate in the country are still ongoing. Several economists emphasize that the dollar's rate is being artificially maintained by the government. According to them, if the national currency is allowed to float freely, the value of one dollar could rise to 20,000 som.

However, the Central Bank has firmly rejected these assumptions. They believe that changes in the currency market are natural and under control, and claims of artificial interference are incorrect.

How will the dollar exchange rate change by the end of 2025? What other economic fluctuations might be observed in the near future? These questions have become one of the important topics not only for economists but also for the public today. Time will show how the subsequent changes in the exchange rate will unfold.