In January 2026, almost half of the foreign currency purchased in Uzbekistan was used to purchase equipment and goods for the manufacturing sector. According to the Central Bank of the Republic, 49.1% of the currency went to the development of industry, 25.3% to repay loans, and 21.3% to import everyday goods and medicines.

A smaller portion of the funds — 0.4% — was used to repatriate the income of foreign investors, and 3.9% — for other needs. The regulator noted an increase in the activity of market makers: from two participants in 2025, their number increased to five, and the share in trading on the Uzbek Currency Exchange increased from 18.8% to 34.2%.

At the same time, there is an increase in the volatility of the national currency: if in January 2025 the exchange rate fluctuations were 0.17–0.21%, then in January 2026 the figure increased to 0.43–0.74%, reflecting the strengthening of dynamics in the foreign exchange market.

Sources
uzdaily.uz

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