TASHKENT, Uzbekistan, December 11. The Dutch
ING Group reports that although financial markets expect a sharp
depreciation of the Uzbek soum after an atypical strengthening in
2025 caused by rising gold prices, the currency’s value will only
change slightly, by about 2%, Trend reports.
ING informs that the combination of a favorable global gold
price environment, credible fiscal consolidation efforts, and
ongoing initiatives to enhance the attractiveness of foreign
investment inflows will serve to shield Uzbekistan from external
economic shocks.
According to the organization, these factors are expected to
mitigate exchange rate volatility, preventing the sharp currency
fluctuations that many market participants anticipate.
ING Group (Internationale Nederlanden Groep), headquartered in
Amsterdam, is a prominent global provider of retail and wholesale
banking, investment, and insurance services. The company offers a
wide range of products, including savings, loans, investments, and
mortgages, aimed at fostering financial development while also
advancing environmental and social objectives.
