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Opening up Uzbekistan: Part 1

Business Daily

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The Devaluation of Uzbekistan's National Currency

The devaluation of Uzbekistan's national currency was the result of almost two decades of economic mismanagement. Restrictions on foreign currency exchanges led to flourishing black market. In 2017, Shafkat Mirziyoev embarked on a series of reforms to liberalize the country's economy. After 2017, it became much easier to do business, but a big part of the economic spending still comes from state budget.

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