Uzbekistan Returns to Currency Convertibility, Delivers Blow to Black Market

People waiting in line to exchange currency at a branch of Asaka bank, Uzbekistan’s largest lender, on September 5. (Photo: EurasiaNet.org)

The big bang has arrived for Uzbekistan’s financial system, with the government lifting decades-old currency restrictions that had choked entrepreneurship and enabled the black market to thrive.
 

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Uzbekistan Returns to Currency Convertibility, Delivers Blow to Black Market

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