Volume of cash turnover soars to 105.5 trillion soums in Uzbekistan
The quarantine period, in general, saw a significant decline in economic activity, which also affected the flow of cash. In particular.
The volume of cash turnover amounted to 105.5 trillion soums year to date, 41% up year-on-year, according to latest review of the Central Bank.
The quarantine period, in general, saw a significant decline in economic activity, which also affected the flow of cash. In particular.
Following factors have particularly affected the decrease in cash flow:
- restrictions on the movement of citizens and transportation of passengers (local, air and rail) by vehicles;
- suspension of activities of enterprises, in particular, retail trade (except for food stores and pharmacies), clothing markets and enterprises providing paid services;
- extension of terms for payment of taxes, utilities, loan interest and other payments.
In the meantime, the situation has slightly improved since the beginning of May, as the government has started to ease lockdown restrictions.
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