White Paper: The Future of Reform in Uzbekistan

by Louis Skyner, Member of the Board of the Europe-Uzbekistan Association for Economic Cooperation, Partner DENTONS

Feb 03, 2023

∙ Paid

The challenges facing Uzbekistan – the fallout from Ukraine

The outbreak of conflict in Ukraine in February 2022 and the adoption of sanctions immediately put pressure on the real effective exchange rate, with the Som depreciating 7% in two weeks. In response, the Central Bank increased interest rates from 14 to 17% to stabilise the currency exchange rat…

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