Dollar continues to decline
Recent trends observed in Uzbekistan’s financial market indicate that the US dollar is depreciating against the national currency. Over the past 3 days, the US dollar exchange rate against the som has dropped significantly. According to the official exchange rate announced by the Central Bank for July 4, 2025, 1 US dollar depreciated by 34.15 soms and amounted to 12,557.56 soms.
Economic analysts consider the current decline in the dollar rate as a short-term situation. In their opinion, amid seasonal market changes and the Central Bank’s cautious policy, exchange rates may return to a balanced state in the coming weeks.
However, global economic conditions, including the US Federal Reserve’s decisions on interest rates and geopolitical developments, continue to indirectly affect Uzbekistan’s currency market.
Economic analysts consider the current decline in the dollar rate as a short-term situation. In their opinion, amid seasonal market changes and the Central Bank’s cautious policy, exchange rates may return to a balanced state in the coming weeks.
However, global economic conditions, including the US Federal Reserve’s decisions on interest rates and geopolitical developments, continue to indirectly affect Uzbekistan’s currency market.
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