29 September 2020

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6 Sep  2019 983

People of Uzbekistan choose a deposit

The Central Bank of Uzbekistan published a report on inflation expectations of the population and enterprises of the Republic of Uzbekistan.

For the second quarter of 2019, the number of citizens who prefer to keep money in deposits of commercial banks increased. This conclusion was made on the basis of a survey conducted from April to June of the current year.

As part of the study, about 900 people representing different social groups were interviewed monthly.

The share of those people who prefer to keep money in dollars increased from April to June from 12% to 16%.

The number of savings in national currency decreased from 32% to 29%. Another 26% of respondents said that it is better to keep money in dollars at home.

The Central Bank explains this by saying that "the trend in the exchange rate of the national currency was clearly different from last year's trend, which in turn influenced the structure of savings preferences of the population."

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