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Uzbekistan introduces 50,000-UZS banknote

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TASHKENT -- Uzbekistan will be introducing a 50,000-UZS ($12.04) banknote into circulation August 22 to simplify the use of cash, Radio Free Europe/Radio Liberty (RFE/RL) reported Tuesday (August 15), quoting the country's Central Bank.

The largest current note in circulation is worth only 10,000 UZS ($2.41), often making cash transactions inconvenient.

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