Business Daily

Opening up Uzbekistan: Part 1

Mar 6, 2023
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Samarkand Tourism

  • Rayhan Demytrie visited a traditional pottery shop in Samarkand's Registan Square.
  • The shopkeeper mentioned increased tourism and the impact of a new airport.
ANECDOTE

Uzbek Currency

  • Rayhan Demytrie had a humorous exchange about Uzbek currency with a shopkeeper.
  • The shopkeeper explained the devaluation and the many 'millionaires' due to the large denominations.
INSIGHT

Currency Devaluation

  • Devaluation of the Uzbek sum stemmed from economic mismanagement under Islam Karimov.
  • Restrictions on foreign currency exchange led to a thriving black market and difficulties with cash withdrawals.
Get the Snipd Podcast app to discover more snips from this episode
Get the app