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Uzbekistan Reportedly Restricts Dollar Sales as Black-Market Rate Soars

Tashkent is reportedly restricting access to dollars for the business community, in the latest development to suggest that Uzbekistan’s government is facing a liquidity crisis.
 
The National Bank of Uzbekistan has “halted all convertibility operations for an unspecified period,” the Tashkent-based Uzmetronom.com website reported May 20, citing “information from reliable sources.” There was no confirmation on the website of the central bank, which EurasiaNet.org could not reach for comment.
 
These are the operations through which foreign and domestic companies convert their revenues earned in Uzbekistani sums into dollars, to repatriate earnings and pay for imports.
 

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Uzbekistan Reportedly Restricts Dollar Sales as Black-Market Rate Soars

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