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Sharp turn in the currency market: the dollar and the euro fell

Sharp turn in the currency market: the dollar and the euro fell
The Central Bank of the Republic of Uzbekistan has officially announced new exchange rates of foreign currencies against the Uzbek soum starting from June 5, 2025. According to it, a significant decrease was observed, especially in the rates of the US dollar and the euro.

According to the Central Bank, starting today, the value of one US dollar has decreased by 25.54 soums, amounting to 12,831.81 soums. Such a sharp change in the dollar exchange rate, which has been constantly increasing over the past three days, was unexpected even for market observers.

At the same time, the euro has also fallen significantly. In one day, its price has decreased by 66.36 soums, and is now being sold at 14,606.45 soums. It is said that this decrease may be associated with a change in demand for the European currency in Uzbekistan.

However, the price of the Russian ruble has recorded a slight increase. In particular, the ruble has appreciated by 0.30 soums, amounting to 163.75 soums at the new rate. Experts say that the development of trade and economic relations with Russia was the reason for this growth.

Looking at other currencies, the British pound sterling fell by 6.29 soums to 17,370.42 soums, the Chinese yuan fell by 3.68 soums to 1,785.07 soums, and the Japanese yen fell by 0.96 soums to 89.05 soums. The Kazakh tenge is trading at 25.12 soums with a slight increase.

In general, today's changes in the foreign exchange market are of particular importance for the population and entrepreneurs. Because this situation can have a significant impact on the prospects for foreign trade, import and export operations in the country, as well as on prices in the markets.

For now, observers continue to closely monitor how the situation in the currency market will develop in the coming days. Follow us for news on changes in exchange rates!
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News » Economy » Sharp turn in the currency market: the dollar and the euro fell