The Central Bank announced new exchange rates that will take effect from April 29. According to this, the US dollar has decreased by 9.04 soums, amounting to 12,948.10 soums. The euro has also dropped by 6.38 soums, reaching 14,696.09 soums. The Russian ruble has slightly increased, rising by 0.37 soums to 156.93 soums.
It is worth noting that previously, the US dollar had appreciated for three consecutive days, reaching 12,957.14 soums. Such fluctuations in exchange rates are causing various opinions among the public.
According to some economic experts, the exchange rates of foreign currencies in Uzbekistan are being artificially held, and if the rates are liberalized, the value of one US dollar could rise to 20,000 soums. This situation could lead to price increases in the market and pose a risk of economic instability.
However, the Central Bank stated that it does not agree with such views, emphasizing that the exchange rates are formed based on market principles and that there are no instances of artificial holding.
Economists believe that there may not be sharp fluctuations in the dollar exchange rate during the remaining months of 2025, but it is natural for small changes to occur under the influence of external factors. In particular, changes in the export-import balance, crises in the external economic situation, or economic changes in the global market could lead to increases or decreases in exchange rates.
For this reason, experts are calling on the population and entrepreneurs to closely monitor the economic situation and be prepared for potential fluctuations. It is advisable to be attentive to changes in foreign currency exchange rates and to take precautionary measures to minimize economic risks.
