Uzbekistan freezes currency convertibility- report

The Uzbek authorities have suspended the convertibility of the national currency for current-account transactions in order to curb rising inflation, the Kazakh newspaper Delovaya Nedelya reported on 28 October.

"In recent days, the Central Bank of Uzbekistan ordered the National Bank for Foreign Economic Activity and commercial banks to suspend the convertibility of the national currency, the som, for current-account transactions linked with imports of consumer commodities. The order has not b