Central Bank of Uzbekistan reports 17.3% increase in foreign currency demand
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UzDaily
uzdaily.uz

Central Bank of Uzbekistan reports 17.3% increase in foreign currency demand

The Central Bank of Uzbekistan presented a report on the growth of overall demand for foreign currency from both legal entities and individuals in Uzbekistan. For the period from January to August 2026, total demand reached 44.3 billion US dollars, which is 17.3% higher than the figure of 37.8 billion US dollars for the same period last year.

In the structure of foreign currency purchases, legal entities accounted for 34.7 billion US dollars, while individuals purchased 9.6 billion US dollars.

During the reporting period, the supply of foreign currency increased by 25.5%, amounting to 7.8 billion US dollars, reaching a total of 38.2 billion US dollars. Individuals sold about 16.6 billion US dollars to commercial banks, and legal entities sold 21.6 billion US dollars.

The exchange rate during the period from January to August fluctuated between 11,779 and 12,320 soms per one US dollar and showed a strengthening of 1.5% over the reporting period. The regulator also noted that the average exchange rate volatility was 32.3 soms, or 0.27%, compared to 32.4 soms, or 0.26%, in the same period of 2025.

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Foreign direct investment in Uzbekistan increased by almost a third in the first half of 2026
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podrobno.uz

Foreign direct investment in Uzbekistan increased by almost a third in the first half of 2026

The volume of foreign direct investment received in Uzbekistan during the first half of 2026 showed significant growth, increasing by 32.5% compared to the same period last year.

According to data presented by the Eurasian Development Bank in its September Macroeconomic Review, alongside this growth, capital investments also increased by 17.5%.

Reasons for the increase in investment activity

The EDB links such high investment activity to key elements contributing to the acceleration of the country's economy, which also includes stable consumer demand.

The increase in investments was driven by the active development of several sectors: industry, construction, and the service sector. The bank's analysts believe that these areas had the greatest impact on the economic dynamics of Uzbekistan in the first half of the reporting period.

It was previously noted that industry was the leading direction for attracting investment in Uzbekistan, receiving 100.5 trillion soms in the first half of the year.

Inflation in Uzbekistan for August was 0.2%; gasoline rose by 20.2% over the year
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gazeta.uz

Inflation in Uzbekistan for August was 0.2%; gasoline rose by 20.2% over the year

According to the National Committee on Statistics, inflation in Uzbekistan reached 0.2% in August. For comparison, the growth of consumer prices in August of the previous year was 0.4%.

Annual inflation showed a slowdown, decreasing to 6.2% compared to 6.4% in July. Meanwhile, in August 2025, the indicator stood at 8.8%. Since the beginning of the current year, prices have risen by 3.4%, which is lower than the level of 4.5% for the same period last year.

Excluding fruits and vegetables, monthly inflation was 0.2%, and since the beginning of the year, it was 4.9%, with an annual increase of 6.6%. Food products rose by 0.4% during the month and by 6.2% year-on-year. Non-food products showed growth of 0.2% per month and 5.9% annually, while services increased by 0.1% per month and 6.4% year-on-year.

Changes in the Consumer Basket Prices

The rate of price growth for 244 items included in the consumer basket slowed down over the month compared to July, or prices decreased. This occurred in 13 more items than in the previous month and in 47 more items than in August of last year. Of these 244 items where price dynamics slowed down, 111 belong to non-food products, 91 to food products, and 42 to services.

Among the 20 items with the highest price growth for the month, 13 are food products, 4 are non-food products, and 3 are services.

What Became More Expensive and Cheaper

Among staple food products, the most noticeable monthly price increase was seen in rice and rice bran, which rose by 2.2%, although they remained cheaper by 4.1% compared to August of last year. Over the month, prices also rose for buckwheat (by 1.1%, plus 8.1% year-on-year), eggs (by 0.8%, plus 12.8%), lamb (by 0.7%, plus 20%), boneless beef (by 0.7%, plus 18.8%), chicken drumsticks, thighs, and other parts of chicken (by 0.7%, plus 1.2%), flour (by 0.5%, plus 5.9%), and bone-in beef (by 0.4%, plus 16.2%).

At the same time, sugar became cheaper by 0.6%, milk by an average of 0.3%, and cottonseed oil by 0.1%. Year-on-year, these products remained more expensive by 1.6%, 5%, and 6.2%, respectively.

Seasonal factors continue to affect the cost of vegetables and fruits. Over the month, grapes became cheaper (by 10.9%, minus 2% year-on-year), pears (by 6%, minus 13.3%), eggplant (by 5.5%, minus 31.8%), cabbage (by 4.9%, minus 3.8%), and potatoes (by 3.3%, minus 15.2%). Among the goods that became more expensive were carrots (by 9.2%), watermelons (by 7.5%), onions (by 6.2%), and citrus fruits (by 1.6%). Despite the monthly increase, carrots, watermelons, and onions were cheaper than a year ago by 2.3%, 11.2%, and 9.2%, respectively.

Fuel and Transport

In August, the average price of gasoline increased by 1.9% during the month and by 20.2% over the year. It should be noted that last year's average price included the cost of AI-80, so the growth could be higher without it. The price of AI-92 rose by 1.1%, AI-95 by 4.9%, and AI-98 and AI-100 by 6.7%. It is currently impossible to compare the annual dynamics for individual gasoline grades, as the National Committee on Statistics only began providing such a breakdown from January 2026. However, since the beginning of the year, the prices for AI-92 have risen by approximately 10.3%, for AI-95 by 20.7%, and for AI-98 and AI-100 by 24.4%.

Propane rose by 5.8% per month and by 41.4% per year. Methane prices did not change during the month but rose by 10.3% year-on-year. According to the National Committee on Statistics, a liter of AI-92 cost between 10,500 and 16,400 UZS, AI-95 between 12,500 and 20,000 UZS, and AI-98 and AI-100 between 16,000 and 28,000 UZS. The maximum price per liter of propane reached 8,800 UZS.

Domestic air travel prices rose by 0.1%, and international ones by 1.7%. The National Committee on Statistics attributed this to increased fuel costs and fluctuations in the euro exchange rate against the sum. Tariffs for intercity bus transport increased in Surkhandarya, Jizzakh, and Navoi regions, as well as in Tashkent. On average across the country, they increased by 0.6% per month and 7.3% per year.

Utilities and Other Services

Tariffs for basic utilities remained unchanged in August. Housing rent rose by 0.4% per month and 4.2% per year. Maintenance, repair, and security services for housing increased by 0.3% and 5.8%, respectively. Medicines became cheaper by an average of 0.2%, as did immunization services, while vision aids became more expensive by 0.6%. Year-on-year, these categories remained more expensive by 2.3%, 2.8%, and 1.2%, respectively.

In the education sector, private kindergarten attendance rose by 0.3% per month, tutoring by 0.2%, and language courses by 0.1%. The fee for money transfers decreased by 1.4% per month, which the National Committee on Statistics attributes to the strengthening of the sum against the US dollar and the Russian ruble. The most significant year-on-year growth was observed in insurance and financial services (by 43%), housing and communal services and fuel (by 11.9%), restaurant and hotel services (by 7.2%), and transport (by 7.1%).

Regional Situation

No sharp deviations from the republic-wide average were recorded across the regions. Over the month, prices rose by 0.3% in Namangan, Samarkand, Surkhandarya, Fergana, and Khorezm regions, as well as in Tashkent. In the remaining regions, inflation was 0.2%.

The highest annual inflation was recorded in Tashkent—6.8%. Fergana region showed a growth of 6.6%, Andijan region—6.5%, and Khorezm region—6.4%. The lowest annual figure was noted in Syrdarya region—5.2%. Inflation in Bukhara and Surkhandarya regions was 5.7%.

The National Committee on Statistics emphasized that the growth in food products and non-alcoholic beverages was the biggest contributor to monthly inflation, accounting for 0.16 percentage points. Transport added another 0.04 p.p., while the decrease in healthcare prices reduced the overall indicator by 0.01 p.p. Since the beginning of the year, housing and communal services and fuel, food products, and transport contributed the most to inflation, accounting for 2.33 p.p., or 68.3% of the total price increase.

Mortgage subsidies in Uzbekistan reached 1.14 trillion soms in 2026
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uzdaily.uz

Mortgage subsidies in Uzbekistan reached 1.14 trillion soms in 2026

According to the Ministry of Economy and Finance, in 2026, state subsidies for mortgage loans in Uzbekistan exceeded 1.141 trillion soms. These funds were distributed among 12,355 citizens across the country.

The total amount allocated was divided: 367 billion soms went to cover partial or full down payments, while 774.1 billion soms were directed towards compensating interest payments on previously issued mortgage loans.

Subsidy Distribution by Region

The largest volume of down payment subsidies was recorded in Andijan region, where 1,472 recipients received 43.8 billion soms. Fergana region ranked second with 1,410 recipients who were allocated 41.9 billion soms. Namangan region provided 1,406 citizens with an amount of 41.6 billion soms.

Other regions with high distribution figures include Kashkadarya (1,260 people, 37.5 billion soms), Surkhandarya (1,184 people, 35.4 billion soms), and Samarkand (1,030 people, 30.4 billion soms). The smallest subsidy amounts were noted in Syrdarya region, where 410 recipients received 12.2 billion soms, as well as in the city of Tashkent, where 389 people received 11.6 billion soms.

Leaders Among Financial Institutions

Among commercial financial organizations, Agrobank was the leader in issuing subsidized mortgage loans, serving 3,779 borrowers for a total amount of 112.3 billion soms. This sum includes 151 borrowers who received targeted mortgage loans worth 6.12 billion soms.

Ipoteka-bank came in second place, providing 45.4 billion soms to 1,538 borrowers. Following them are Xalq Bank with 40.8 billion soms for 1,371 borrowers, Business Development Bank, which allocated 39.2 billion soms to 1,326 borrowers, and Uzpromstroybank, which directed 34.8 billion soms to 1,164 borrowers.

The smallest lending volumes were registered at Asaka Bank (107 borrowers, 3.2 billion soms), Orient Finans Bank (42 borrowers, 1.2 billion soms), and InFinBank (2 borrowers, 0.1 billion soms).

The Ministry clarified that this subsidy program covers both down payment support and compensation for interest on previously issued mortgage loans.

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