Currency Regulation Reforms in Uzbekistan
Keywords:
devaluation, inflation, informal economy, conversion, liberalization, currency regime.Abstract
This research examines the course of currency regulation reforms in Uzbekistan, filling a void in what was understood about their effects on economic stability and investment attraction. The research employs systematic analysis of historical data and recent policy developments to investigate the change from a rigid currency regime to a flexible exchange rate system that occurred in 2017. The study finds that there are significant strides in market liberalization; improved foreign exchange stability, increased foreign investments, and reduced inflation rates. But still, progress on things like inflationary pressures and financial infrastructure gaps remain. The conclusion of the study emphasizes the continuing necessity of vigorous regulatory support and financial education measures in order to attain reform’s potential. These contributions to the general discourse on economic modernization draw attention to the various aspects of this process and implications for policy frameworks in transitional economies.
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