As of September 3, 2026, the Uzbekistani sum was valued at approximately 11,780 sums per one US dollar, maintaining stability after August at one of the highest levels in recent months.
The national currency remained virtually unchanged throughout the previous week, during which the exchange rate fluctuated around the 11,800 sums per US dollar mark.
The sum's position is supported by foreign currency inflows. Money transfers into Uzbekistan increased by 13 percent compared to last year in the first half of the year, reaching 9.3 billion US dollars, with broader geographical diversification observed.
Concurrently, the Central Bank of Uzbekistan's key interest rate of 14 percent continues to encourage savings in local currency and restrain domestic demand for foreign currency.
Broader Economic Indicators Provide Additional Support
Overall economic dynamics are also having a positive impact. In the first half of the year, Uzbekistan's GDP grew by 8.5 percent year-on-year, fixed capital investment increased by 17.5 percent, and retail trade turnover expanded by more than 20 percent.
Although this economic growth stimulates income and capital inflow, it also increases the demand for imports and raises the need for foreign currency among businesses and households.
The Central Bank maintains a tight monetary policy, keeping the key rate at 14 percent, while forecasting an annual inflation rate of about 6.5 percent for 2026. The regulator identified sustainable domestic demand, fiscal expenditures, and secondary effects from energy tariff increases as the main economic risks.
The combination of a high real interest rate and slowing inflation remains favorable for the exchange rate. Analyst Anna Bodrova of Alpari predicts that the US dollar will trade in the range of 11,700 to 11,950 sums over the next week.