The key facts

  • The official dollar rate for October 16 is 12,011.65 soums (+48.49 per day), the highest since July 31
  • According to Daryo.uz, the rate has been rising for nine consecutive days; Spot.uz counts eight working days since October 6
  • In the first half of 2026, transfers to Uzbekistan amounted to $9.3 billion (+13% year over year)

Dollar exceeds 12,000 soums

The Central Bank of Uzbekistan set the official dollar rate for October 16 at 12,011.65 soums — over the trading day the currency rose by 48 soums 49 tiyins. According to Spot.uz, this is the highest mark since July 31: for the first time since late July the rate exceeded 12,000 soums. Daryo.uz notes that the dollar has been rising for nine consecutive days, while Spot.uz writes of eight working days of growth starting October 6.

Other currencies also rose in price

The euro added 72.3 soums and stands at 13,462.66 soums, the British pound rose by 41.5 soums to 15,911.83 soums, the Russian ruble — by 0.84 soums to 143.17 soums, the Chinese yuan — by 7.7 soums to 1,795.17 soums.

Rates at commercial banks

According to Spot.uz, most commercial banks sold dollars above 12,000 soums; at Turonbank and Hayot Bank the rate reached 12,040 soums, and the cheapest currency could be bought at Kapitalbank — for 11,990 soums. The buying rate started from 11,905 soums; the best prices were offered by Trustbank (11,960 soums), Business Development Bank and Infinbank (11,955 soums).

Rate dynamics

Until the recent rise, the dollar rate had shown a long-term downward trend after the February spike. Since the beginning of August it stayed below 12,000 soums and five times updated its minimum level since the devaluation of August 10, 2023. The most recent three-year minimum was recorded on September 11 — 11,765 soums. The largest daily gain in the current series occurred on October 10 — more than 51 soums, when the rate reached 11,897 soums for the first time since mid-August.

Currency market and transfer data

According to the Central Bank, in the first half of the year total demand for foreign currency amounted to $32 billion — 20% more than in the same period of 2025; the bulk of purchases came from legal entities. The supply of foreign currency on the domestic market (excluding the regulator's operations) grew by 31% to $27.8 billion. In the first half of 2026, Uzbekistan received $9.3 billion in transfers from abroad — 13% more than a year earlier; $1.33 billion was sent out of the country, with a positive balance of almost $8 billion. The population sold $5.5 billion more foreign currency to banks than it bought. Earlier, Spot reported that Uzbekistan's gold and foreign currency reserves fell below $67 billion in September.