Uzbekistan is demonstrating a strengthening of its national currency: according to analysts, the Uzbek sum has gained about 0.75% against the US dollar over the week, maintaining overall stability after a period of moderate fluctuations.
According to Alpari analyst Anna Bodrova, the currency's stability is supported by several factors. These include a tight monetary policy, a slowdown in inflation to approximately 5.5–6%, significant gold and foreign exchange reserves, and the Central Bank's key rate remaining at 14% per annum.
Additional factors include foreign exchange earnings from exports and gold transactions, which provide liquidity to the market and smooth out external fluctuations.
The expert notes that a stable exchange rate reduces pressure on imported goods and makes price dynamics more predictable for the population, which positively affects purchasing power.
