https://central.asia-news.com/en_GB/articles/cnmi_ca/newsbriefs/2017/09/25/newsbrief-02

Uzbekistani citizens may own foreign currency starting October 1

Caravanserai

TASHKENT -- Uzbekistani citizens will be allowed to buy foreign currency starting October 1, Prime Minister Abdulla Aripov said Saturday (September 23), according to a Monday (September 25) report by Radio Free Europe/Radio Liberty.

If the reform takes effect, it would end a ban that began shortly after Uzbekistan gained independence in 1991.

As part of several economic reforms meant to open up the country, President Shavkat Mirziyoyev in September allowed private citizens to exchange Uzbekistani soms for hard currencies, but they had to receive the hard currencies on bank cards rather than as cash.

The country's central bank stopped fixing the som's exchange rate September 5.

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