Uzbek currency drops 48% after central bank allows float
Uzbekistans som lost almost half of its value in a single day on Tuesday, after the government announced it would remove its peg against the dollar in an attempt to crack down on black market trade in the currency.
The central banks previous crawling peg regime had allowed the som to gradually weaken after energy prices plunged in 2014, but the complete removal of controls today saw the number of soms required to buy a dollar go from 4,210 to 8,100.
Yer İmleri