Economics

Historical record: Money supply in Uzbekistan increased by 37% in one year

**Historical growth: Uzbekistan's money supply increased by 37 percent in a year**

The economy of Uzbekistan is experiencing unprecedented growth: as of August 1, 2026, the money supply in the country reached 434.5 trillion soums for the first time, setting a new historical record. The Central Bank reported this.

**A sharp increase in the money supply**

The money supply in the economy (total deposits in banks and cash in circulation) increased by almost 118.8 trillion soums in a year, or 37 percent. This growth indicates a significant increase in the country's economic activity.

**The dominance of the national currency**

More than 83 percent of the total money supply is made up of money in the national currency. This indicates high confidence in the national currency and its important role in the economy.

**Dynamics of recent years**

In June of this year, the value of deposits and cash exceeded 400 trillion soums for the first time, reaching 411.4 trillion soums. For comparison, in June 2025, this figure was 300 trillion soums. This means that over the past three years, the money supply in the country has more than doubled.

**Record cash volume**

In early August, the amount of cash in circulation also reached a record level, totaling 76.3 trillion soums. This figure is 16.4 trillion soums more than a year ago.

**Long-term outlook**

The amount of money supply, which the Central Bank first announced on February 1, 2013, was 24.4 trillion soums. By the beginning of 2024, this figure reached 242.2 trillion soums. That is, an almost 10-fold increase was recorded over 11 years. This indicates long-term stable growth of the Uzbek economy and a consistent expansion of the money supply.

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