Uzbekistan: Background Paper and Statistical Appendix

International Monetary Fund

No 1995/023, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; U.S. dollar; exchange rate; trade balance; trading partner; consumer goods; balance of payments; savings bank; monopoly enterprise; trade surplus; b. enterprise reform; Agricultural commodities; Exports; Currencies; Exchange rates; Eastern Europe; Central Asia; Baltics (search for similar items in EconPapers)
Pages: 101
Date: 1995-03-14
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