logo
calendar25 ноябр 2025
view2
Asosiy til:Ingliz

CURRENCY REFORM IN TRANSITION ECONOMIES: THE CASE OF UZBEKISTAN’S 2017 SOM DEVALUATION

Fan yo'nalishi:
pdf

69253b2bb5a8b.pdf

PDF

MAQOLA ANNOTATSIYASI

quote
The article analyzes the 2017 devaluation of the Uzbek Som (UZS), the country's currency, with an emphasis on the decision justifications, goals, and effects. It discusses the government goals, such as the necessity of removing the parallel foreign exchange market, attracting foreign investment, and liberalizing the economy. Additionally, it evaluates the devaluation's advantages and disadvantages for different economic sectors, especially in relation to inflation, monetary policy, and the business climate. It ends with suggestions for maintaining Uzbekistan's economic development and stability over the long run, with a focus on boosting productivity and encouraging active engagement in global commerce. The findings show that devaluation was an essential step in the direction of economic modernization, but it will take time to fully manifest its consequences.

MUALIFLAR

Teglar

# UZS (Uzbekistan Som)# USD (United States Dollar)# devaluation of the currency# negative impacts

Maqolani baholang

0

0 ta

Maqola idintifikatorlari

Foydalanilgan adabiyotlar

Blinov, S. (2016a). Отрицательные последствия плавной девальвации валюты. Available from: https://mpra.ub.uni-muenchen.de/69265/1/MPRA_paper_69265.pdf

Ramey, V.A. and Zubairy, S. (1989). The international gold standard and U.S. monetary policy from World War I to the New Deal. Federal Reserve Bulletin, 126 (Jun), 423–440. Available from https://doi.org/10.1086/696277 [Accessed 26 May 2025].

Daryo. (2023). How much has dollar rate increased in Uzbekistan in five years? —Daryo News. Available from https://daryo.uz/en/2023/11/19/how-much-has-dollar-rate-increased-in-uzbekistan-in-five-years [Accessed 26 May 2025].

Sohmen, E. (1958a). The effect of devaluation on the price level. Quarterly Journal of Economics, 72 (2), 273–283. Available from https://doi.org/10.2307/1880600 [Accessed 26 May 2025].

Radio Free Europe/Radio Liberty. Uzbekistan Devalues Currency As It Emerges From Decades-Long Isolation [Internet]. 2017 [cited 2025 May 26]. Available from: https://www.rferl.org/a/uzbekistan-devalues-currency/28718291.html

Strategeast center for a new economy, ‘President of Uzbekistan signs decree on liberalization of monetary policy - Strategeast’. Accessed: May 27, 2025. [Online]. Available: https://www.strategeast.org/president-of-uzbekistan-signs-decree-on-liberalization-of-monetary-policy

Sohmen, E. (1958b). The Effect of Devaluation on the Price Level. The Quarterly Journal of Economics, 72 (2), 273–283. Available from https://doi.org/10.2307/1880600 [Accessed 2 July 2025].

Wang, X. (2025a). The Dual Impact of Exchange Rate Fluctuations on Trade Balance and Global Value Chains: An Empirical Analysis from Short-Term and Long-Term Perspectives. Advances in Economics, Management and Political Sciences, 152 (1), 182–187. Available from https://doi.org/10.54254/2754-1169/2024.19456 [Accessed 2 July 2025].

Blinov, S. (2016b). Отрицательные последствия плавной девальвации валюты. Available from: https://mpra.ub.uni-muenchen.de/69265/1/MPRA_paper_69265.pdf

World Bank Group. (2019). Uzbekistan. Toward a New Economy. Available from https://documents1.worldbank.org/curated/en/866501562572675697/pdf/Uzbekistan-Toward-a-New-Economy-Country-Economic-Update.pdf [Accessed 2 July 2025].

World bank group. (no date). GDP (current US$) - Uzbekistan | Data. Available from https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=UZ [Accessed 26 May 2025].

Radio Free Europe/Radio Liberty. (2017b). Uzbekistan Devalues Currency As It Emerges From Decades-Long Isolation. Available from https://www.rferl.org/a/uzbekistan-devalues-currency/28718291.html [Accessed 27 May 2025].

Uz daily. (2017b). Uzbekistan scraps mandatory currency sales by exporters from 1 August. Available from https://www.uzdaily.uz/en/uzbekistan-scraps-mandatory-currency-sales-by-exporters-from-1-august [Accessed 27 May 2025].

The Diplomat. (2016). Explaining the GM Uzbekistan Scandal – The Diplomat. Available from https://thediplomat.com/2016/05/explaining-the-gm-uzbekistan-scandal/ [Accessed 26 May 2025].

Wang, X. (2025b). The Dual Impact of Exchange Rate Fluctuations on Trade Balance and Global Value Chains: An Empirical Analysis from Short-Term and Long-Term Perspectives. Advances in Economics, Management and Political Sciences, 152 (1), 182–187. Available from https://doi.org/10.54254/2754-1169/2024.19456 [Accessed 27 May 2025].

Uz daily. (2017a). Uzbekistan Airways changes promotion prices for some domestic flights. Available from https://www.uzdaily.uz/en/post/40311 [Accessed 27 May 2025].

The Tribune. (2022). Uzbekistan to increase wheat production, import of raw sugar amid Russia’s temporary ban on exports – The Tribune. Available from https://www.thetribune.com/uzbekistan-to-increase-wheat-production-import-of-raw-sugar-amid-russias-temporary-ban-on-exports [Accessed 27 May 2025].

World Bank Group. (2019). Uzbekistan Toward A New Economy. Available from: https://documents1.worldbank.org/curated/en/866501562572675697/pdf/Uzbekistan-Toward-a-New-Economy-Country-Economic-Update.pdf

public

SLIB.uz — O'zbekiston ilmiy jurnallari va maqolalar yagona tizimda ilmiy nashirlarni bir joyda ko'rish, izlash va ulardan foydalanish imkonini beruvchi zamonaviy platforma.

Ijtimoiy tarmoqlarda
instagramtelegramyoutubefacebook

Bog'lanish uchun

Manzil:Chilonzor tumani Qatortol ko'chasi 60B

Tel:+998(55)511-44-00

Savol-javob va takliflar uchun

© 2026 Barcha huquqlar himoyalangan.