New value of foreign currencies announced

The Central Bank announced new exchange rates effective April 29. According to them, the US dollar fell by 9.04 soums to 12,948.10 soums. The euro fell by 6.38 soums to 14,696.09 soums. The Russian ruble rose slightly, gaining 0.37 soums to 156.93 soums.

Recall that earlier the US dollar had appreciated for three consecutive days, reaching 12,957.14 soums. Such fluctuations in the exchange rate are giving rise to various opinions in the public.

According to some economic experts, the exchange rate of foreign currencies in Uzbekistan is artificially held, and if the exchange rate is liberalized, the value of one US dollar could increase to 20,000 soums. This is a situation that could lead to an increase in market prices and the risk of economic instability.

However, the Central Bank did not share such views, emphasizing that the exchange rate is formed based on market principles and there are no cases of artificial holding.

According to economists, during the remaining months of 2025, sharp fluctuations in the dollar exchange rate may not be observed, but it is natural that small changes will occur under the influence of external factors. In particular, changes in the export-import balance, a crisis in the external economic situation or economic changes in the global market may cause an increase or decrease in exchange rates.

Therefore, experts urge the population and entrepreneurs to closely monitor the economic situation and be prepared for possible fluctuations. It is advisable to be attentive to changes in foreign exchange rates and take precautionary measures to minimize economic risks.

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