Uzbekistan has devalued its currency by almost half as the former Soviet republic floated the som to end more than two decades of economic and market isolation. The country’s central bank rated the ...

Uzbekistan says it will liberalize its currency regulations, no longer fixing the som to the U.S. dollar and removing restrictions on the amount of foreign currencies individuals and companies can buy ...

Banks in Uzbekistan have introduced restrictions on foreign currency exchange operations as the country experiences an acute shortage of dollar and euro bills. Workers at several banks in Tashkent ...

Telecommunications firm Veon Ltd. ADR (VEON) said Friday that the devaluation of the Uzbek som versus the U.S. dollar will decrease net assets by $485 million, lower revenue and reduce free cash flow.

Hot on the heels of a corruption scandal in Uzbekistan’s financial sector comes news that a commercial bank that has foreign shareholders has been barred from conducting hard currency operations. The ...

TASHKENT, Aug 10 (Reuters) - Uzbekistan's central bank may intervene to prevent excessive depreciation of the national sum UZS= currency which has come under pressure due to the weakening of other ...

By Mokhi Sultanova in Tashkent Uzbekistan has sharply stepped up its bond market activity. Issuance made by the Central Asian ...

ASTANA, May 23 (Reuters) - After liberalising its foreign exchange system, Uzbekistan now needs to restructure its entire economy distorted by the decades of strict currency and price controls, ...