US dollar exchange rate further increases against UZS

Several commercial banks in Uzbekistan raised the US dollar exchange rate on Thursday, March 17.

Photo: Getty Images

Many of the banks have set the purchase rate at 11,520 – 11,570 soums and the sale at 11,620 - 11,630 soums. For the first time, the exchange rate of the dollar has reached the 11,630 soums mark. The Uzbek soum is losing its value dramatically.

Below is a list of some banks that have already set a new dollar rate:

• Aloqabank: purchase - 11,520, sale - 11,630;
• Savdogarbank: purchase - 11,570, sale - 11,630;
• Agrobank: purchase - 11,560, sale - 11,620;
• Kapitalbank: purchase - 11,560, sale - 11,620;
• NBU: purchase - 11,550, sale - 11,630;
• Hamkorbank: purchase - 11,570, sale - 11,630.

The official dollar exchange rate of the Central Bank (as of March 17) is 11,330.38 soums.

In 2021, the Uzbek soum depreciated by 3.4% - the fall was the lowest since 2018. This year, however, it has already lost its value by 6.4%.