THE EVOLUTIONARY PATH OF UZBEKISTAN'S MONETARY SYSTEM: FROM CURRENCY ORIGINATION TO MODERN VALUE VOLATILITY

Zenodo (CERN European Organization for Nuclear Research) 2026 Open access

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Authors: Shokhjakhon Normuratov
DOI: 10.5281/zenodo.18204654
Cited by: 0

Abstract

This paper examines the evolutionary path of Uzbekistan's monetary system, analyzing the transition from administrative control to market-based exchange rates. It investigates how the 2017 liberalization exposed structural economic vulnerabilities, transforming administrative distortions into explicit exchange rate volatility and highlighting persistent challenges in monetary policy.

Fields of Study & Subjects

Monetary Policy and Economic Impact Global Financial Crisis and Policies Banking stability regulation efficiency

Publication details

Journal / source
Zenodo (CERN European Organization for Nuclear Research)
Publication date
10 January 2026