Uzbekistan reimposes currency controls

Uzbekistan has secretly reimposed currency controls, according to bankers in the country, after telling the IMF in October it had made its currency, the sum, convertible.

One source was reported as saying the commercial banks in the central Asian state had received a "secret" order from the central bank telling them not to fulfil requests from importers seeking to buy dollars until the beginning of February.

"We are returning (foreign exchange) orders from clients without explanation and promis