The dollar exchange rate in Uzbekistan is expected to decline significantly from July 8

Fluctuations in foreign exchange rates are being observed in Uzbekistan's currency market, Zamin.uz reports.

In particular, the US dollar exchange rate effective on July 8 is expected to decline significantly. According to specialists and analysts in the banking sector, the value of the dollar against the som may decrease to an average of 22–23 soms.

This situation is being explained by the balance of supply and demand in the currency market, as well as economic indicators. Currently, commercial banks in the country are offering various rates for purchasing foreign currency from the public and selling it to them.

For citizens planning to sell dollars to banks, the most favorable rates are currently offered by Aloqabank and the National Bank, which are buying one dollar for 12,040 soms. Additionally, Orient Finance Bank and Asakabank have created convenient conditions for clients, offering to buy dollars at 12 at a rate of 12,030 soms.
2,030 soms.

For those intending to purchase foreign currency, Asia Alliance Bank offers the lowest price, meaning dollars can be bought from this bank at 12,065 soms. Furthermore, the selling rate is 12,070 soms at Octobank, 12,080 soms at the People's Bank, and 12,090 soms at Agrobank.

These indicators are determined based on the banks' internal policies and current financial conditions. It should be noted separately that exchange rates may change during the day depending on market conditions.

Therefore, before carrying out currency exchange operations, it is recommended to check the latest and most accurate information via the official websites or mobile applications of commercial banks. This will enable customers to manage their funds more efficiently and exchange currency under the most favorable conditions.