August 20, 2019 / 7:31 AM / 4 months ago

Uzbekistan scraps limits on exchange rate movements - report

TASHKENT, Aug 20 (Reuters) - Uzbekistan’s central bank will no longer limit exchange rate fluctuations, state television quoted central bank chairman Mamarizo Nurmuratov as saying on Tuesday.

“The central bank decided yesterday to cancel the five-percent limit on ....exchange rate movements,” Nurmuratov said. “The rate will now be determined by the buyers and sellers.” (Reporting by Mukhammadsharif Mamatkulov Writing by Olzhas Auyezov; ; editing by John Stonestreet)

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