The dollar exchange rate in Uzbekistan will significantly decrease starting from July 1

The foreign exchange rates in the Uzbekistan financial market are on the verge of further changes. This was reported by Zamin.uz.

Specifically, starting from July 1 of this year, the official value of the US dollar against the soum is expected to decrease significantly. According to analyses from experts and specialized sources, the exchange rate may drop by an average of around 45-46 soums.

This information is confirmed by sources covering news in the banking sector. Currently, commercial banks in our country are offering various exchange rates for the population and entrepreneurs.

For citizens intending to sell dollars to the bank, the most favorable rates are currently provided by Infinbank and Ipotekabank. In these financial institutions, one US dollar is accepted at 12,060 soums.

Additionally, the Industrial-Construction Bank of Uzbekistan and Milliy Bank are also offering a relatively high purchase rate of 12,050 soums for customers. There are also several convenient options for those wishing to purchase foreign currency.

For example, while Xalq Bank is selling dollars at 12,070 soums, this figure is 12,080 soums at Octobank. At institutions such as Asia Alliance Bank and Hayotbank, the selling rates are set at 12,085 soums and 12,100 soums, respectively.

These figures are formed based on market conditions and the standards set by the Central Bank. It is worth noting separately that the currency market is highly volatile, and rates may be updated several times throughout the day.

Therefore, it is recommended to double-check current prices via the official websites or mobile applications of the banks before performing currency exchange operations. This will allow for a more efficient and profitable management of funds.

Such changes, implemented to ensure economic stability, are regulated based on demand and supply in the domestic market.