IMF Staff Country Reports

Uzbekistan: Background Paper and Statistical Appendix

March 14, 1995

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Uzbekistan: Background Paper and Statistical Appendix, (USA: International Monetary Fund, 1995) accessed November 23, 2024

Summary

This Background Paper and Statistical Appendix highlights that starting in 1994, financial policies in Uzbekistan were tightened so as to reduce inflation and stabilize the exchange rate in anticipation of the introduction of the new national currency, the sum. The Central Bank of Uzbekistan raised the interest rate on its rediscount credits several times and credit to loss-making state enterprises was curtailed. The average monthly rate of price increase fell from more than 22 percent in the first half of the year to less than 2 percent in the third quarter, partly in reflection of seasonal factors.

Subject: Agricultural commodities, Commodities, Credit, Currencies, Exchange rates, Exports, Foreign exchange, International trade, Money

Keywords: Agricultural commodities, B. enterprise reform, Balance of payments, Baltics, Central Asia, Consumer goods, CR, Currencies, Eastern Europe, Exchange rate, Exchange rates, Exports, ISCR, Monopoly enterprise, Savings bank, Trade balance, Trade surplus, Trading partner, U.S. dollar

Publication Details

  • Pages:

    101

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/023

  • Stock No:

    1UZBEA0011995

  • ISBN:

    9781451839753

  • ISSN:

    1934-7685

Notes

This background paper and statistical appendix on the Republic of Uzbekistan were prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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