The Central Bank of Uzbekistan on Monday set the official foreign exchange rates for March 1. According to the regulator, the Russian ruble depreciated against soum by 16.5% - down to 108.6 soums per ruble. The Kazakh tenge also depreciated by 6.9% to 21.96 soums per tenge.
Year to date, the soum stregthened against the ruble by 26.1% (from 147.07 soums to 108.6 soums), and against the tenge - by 11.7%.
The sharp drop in the currencies of Russia and Kazakhstan is associated with the imposition of sanctions by the European Union, the United States and other Western countries against the Russian Federation due to the full scale invasion of Ukraine.
