September 3, 2017 / 8:57 AM / a year ago

Uzbekistan to let citizens, companies buy FX from Sept. 5 -report

Tashkent, Sept 3 (Reuters) - Uzbekistan will allow its citizens and companies to buy foreign currency without restrictions at a market-set rate from Sept. 5, local newspaper reported on Sunday, citing a presidential decree.

The measure, which confirms a Reuters report last week, would be a potentially decisive step on the path towards full convertibility of the country’s sum currency. That would help open up Central Asia’s second-biggest economy to badly needed foreign investment.

The official website of Uzbekistan’s President Shavkat Mirziyoyev’s was not immediately accessible on Sunday. (Reporting by Mukhammadsharif Mamatkulov; Writing by Olzhas Auyezov; Editing by Susan Fenton)

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