Uzbekistan sum: the reference case for unification
In September 2017 Uzbekistan floated the sum. The black market rate, then about double the official rate, disappeared within weeks.
The reform is the reference case for every market on this list: a single market rate, open access for importers and travellers, and a central bank that intervenes only to smooth volatility.
What drives the gap
- Rate unification in one step.
- Open access to dollars for individuals and companies.
- Follow up reforms in trade and banking.
How we measure it
Regime: …
Local name: …
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