The dollar exchange rate in banks for the first time exceeded the mark of 12,300 soums

Commercial banks on Thursday, November 2, raised the US dollar to a new record high, reports Spot.

In most institutions, American currency is offered for sale at 12,310 soums – 15-20 soums more than the day before. The purchase rate is in the range from 12,190 to 12,240 soums.

The cheapest dollars are available at Hayot Bank and Octobank – 12,270 soums. The most favorable purchase rate is offered by “Uzpromstroybank” and base calculation value – 12,245 soums.

The day before, the Central Bank set the official dollar exchange rate at 12,249 soums. During the trading day, the American currency rose in price by 14 soums 58 tiyin.

On August 10, the American currency crossed the 12 thousand soums mark. The jump in the official exchange rate by 400 soums was the sharpest since the liberalization of the foreign exchange market in 2018. In the following weeks, he broke records several more times.

The Central Bank explained the collapse of the soum to dollar exchange rate by the devaluation of the Russian currency, which caused a reduction in export earnings and remittances from migrants. In addition, the national currency was affected by the dynamics of the Turkish lira.

Chairman of the Central Bank Mamarizo Nurmuratov linked the rise in the dollar exchange rate with pressure from increased imports. He also called the current exchange rate a true reflection of foreign trade transactions.