By empty (4/17/2002 issue of the CACI Analyst)
Uzbekistan's official commercial exchange rate plunged from 920 soms per dollar to 1,400 soms per dollar on 15 April as banks set their exchange rates practically to match the real, black-market rate. The black-market rate stands at about 1,450 soms per dollar. Unification of currency exchange rates by the end of June 2002 is a key requirement of the IMF structural reform plan that Tashkent agreed to earlier this year.The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.
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