Alif Uzbekistan Moves Towards Banking Licence to Support SMEs
Alif entered the Uzbek market in 2019
Banks & Finance
US Spot Bitcoin ETFs Now Rival Major Exchanges in Trading Volume – CryptoQuant
CryptoQuant data shows spot Bitcoin ETFs generate up to $10 bn in daily trading, signaling strong institutional adoption while Binance retains market lead
Eurasian Bank Loses Licence in Uzbekistan Over Capital Shortfall and Regulatory Breaches
A liquidation commission will be formed to oversee the closure
Best Currency Exchange Rates in Uzbekistan on August 27
USD Strengthens after a period of stagnation
Crypto Market Update: Regulators Target Tokenized Stocks, $1B Solana Fund Planned, Bitcoin Falls on Whale Sell-Off
Global regulators call for stricter oversight of tokenized equities, Galaxy Digital and partners raise $1B for Solana, and Bitcoin plunges to $112K after a $2B whale sale
Foreign Currencies Show Mixed Changes in Exchange Rates
Rates of USD and KZT went down
Trump Adviser David Bailey: Bitcoin Bear Market Still Years Away
Bailey points to record institutional adoption as a safeguard for Bitcoin’s price, but analysts warn market shocks and rate changes could still trigger a downturn
Best Currency Exchange Rates on August 25
Some currency rates have dropped over the weekend
Money Exchange Points and Best Rates in Uzbekistan on August 24
17 banks open their currency exchange points
Foreign Currency Exchange Rates Continue to Drop
GBP experiences a sharp fall
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