Uzbekistan poised to float currency

Uzbek capital Tashkent at night
Tashkent, capital of Uzbekistan
Otoirov

Uzbekistan is on the brink of floating its currency, in a move that will likely trigger economic turbulence and see the central bank take on a new approach to monetary policy.

A decree issued by president Shavkat Mirziyoyev specifies that from September 5, residents of Uzbekistan will be able to freely buy and sell currency. The decree also cancels a rule that forces exporters to sell foreign currency to the government at the official rate.

The text specifies “exclusive use of market

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