Uzbekistan Central Bank to include off-exchange deals in official exchange rate from Sept 15

September 10, 2026 at 12:03 PM1 min

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The Central Bank of Uzbekistan will change how it calculates and publishes official exchange rates starting September 15, 2026. The official rate will be based on a weighted average of exchange and off-exchange interbank transactions. The regulator said the move will broaden coverage of the domestic currency market and better reflect current market conditions.

Key Facts

The new exchange rate methodology takes effect on September 15, 2026.
The official rate will be calculated as a weighted average of exchange and off-exchange interbank transactions.
On weekends and other non-working days, the official rate will be the rate published for the last working day.
The Central Bank expects the change to more accurately reflect supply and demand in the domestic currency market.

New Calculation Method

From September 15, 2026, the Central Bank of Uzbekistan will calculate official exchange rates using both exchange and off-exchange interbank transactions. Previously, the official rate was based solely on trades on the currency exchange. The new official rate will be a weighted average of exchange and off-exchange deals. The Central Bank stated that this will provide broader coverage of domestic currency market operations.

Weekend Rate Application

The Central Bank will also change how official rates are applied on non-working days. On Saturdays, Sundays, and other non-working days, the official rate will be the rate published for the last working day. This replaces the previous practice where the weekend rate could diverge from the latest market context. The change is intended to provide certainty for banking operations, card payments, and settlements on weekends.