Foreign Currency Exchange Rates Continue to Drop
GBP experiences a sharp fall
Banks & Finance
Uzbekistan Cuts Deficit as Trade Turnover Tops $44.7 Bn
TBC Bank Group Expands in Uzbekistan with OLX UZ Acquisition
TBC Bank Group intends to fully integrate OLX Uzbekistan into the wider digital ecosystem
Foreign Currencies Exchange Rate Declines on August 21
EUR, GBP and CHF go down by over 100 UZS
Uzbekistan Expands Support for Entrepreneurs as Smaller Firms Grow into Major Businesses
Enterprises with a strong repayment record will see their loan guarantees increase
Frank RG: Digitalisation, Open Banking and Privatisation to Propel Uzbekistan’s Banking Sector Over Next Five Years
Analysts, however, expect this rapid pace to ease during 2025–2026
Exchange Rate of Foreign Currencies Rises Against UZS on August 20
USD strengthened after a period of stagnation
Foreign Currencies Decline Against UZS on August 19
Only KZT rose by a small amount of 0.01 UZS
Thailand Launches 18-Month Crypto-to-Baht Sandbox to Revive Tourism
Cryptocurrencies themselves cannot be spent directly
Best Currency Exchange Rates on August 18
Previous week ended with depreciation of most currencies against UZS
Which Banks in Uzbekistan Operate on Weekends?
The list includes 17 banks
Foreign Currencies Rate Against UZS on August 16
17 banks operate currency exchange points on weekends
Loans Grow, Profits Not for Everyone: Uzbekistan’s Banks at the End of the First Half of 2025
Kursiv Uzbekistan has analysed the performance of the republic’s financial institutions.
USD Strengthens Against UZS After Period of Stagnation
Several banks offer the best rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums
USD Falls, EUR Rises on August 14
USD went down slightly
Foreign Currencies Rate Against UZS Continues to Drop on August 13
EUR falls by 136 UZS
Uzbekistan Cuts Shadow Economy to 35%
Digital and innovative solutions were identified as the most effective tools
Foreign Currency Exchange Rates Against UZS Drop on August 12
GBP and CHF rates decreased significantly
US Passes First Major National Crypto Law
The Genius Act introduces federal oversight for stablecoins, requiring full backing by low-risk assets, as President Trump prepares to sign it into law
Uzbekistan Cuts State Bank Share of Financial Sector Assets to 67%
The fund identified several strengths in Uzbekistan’s banking system
Best Currency Exchange Rates on August 11
Several banks offer the best rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums
Foreign Currencies Rate Against UZS Continues to Rise on August 9
GBP rises by 200 UZS second day in a row
TBC Uzbekistan’s Profit Rises 30% in First Half of 2025
Foreign Currencies Rate Against UZS Soars on August 8
EUR and GBP rose by more that 200 UZS