The amount of cash in circulation has exceeded 76 trillion soums. What does this mean?
As of August 1, the volume of cash in circulation in Uzbekistan amounted to 76.3 trillion soums. This is a record figure. Although cash is growing significantly in absolute terms, its share in the total money supply is consistently decreasing. In 2013, the share of cash in the total money supply was 23.6 percent, in 2025 this figure decreased to 18.9 percent, and by August 2026 to 17.5 percent.
The amount of cash in circulation in Uzbekistan has exceeded 76 trillion soums, reaching a record high. What does this mean?
According to the Central Bank, the broad money supply in Uzbekistan increased by 9.4 trillion soums in July and reached 434.5 trillion soums as of August 1.
In particular, the money supply in the national currency increased by 7.3 trillion soums, amounting to 361.2 trillion soums. In addition, the balance of deposits in foreign currency increased by 2 trillion soums, and the narrow money supply by 1.4 trillion soums.
**Narrow money supply** refers to the money that can be spent most quickly and easily in the economy. It usually includes cash held by the population and enterprises, as well as demand deposits in banks (funds that can be withdrawn or paid at any time). These funds are directly involved in everyday purchases, payments for services, and quick financial transactions.
**Broad money supply** is an indicator that fully covers all cash and non-cash funds in the economy, including accumulated savings. In addition to the narrow money supply, it includes time and savings deposits of individuals and legal entities in national and foreign currencies. Although time deposits cannot be immediately converted into cash or directed to payment, they reflect the overall purchasing power, investment potential, and financial reserves of the population in the economy. Central banks mainly rely on this indicator when forecasting inflation and economic growth.
**Cash balance – 76.3 trillion soums**
The balance of cash in circulation increased by 1 trillion 25 billion soums in July and amounted to 76.3 trillion soums as of August 1. This is a record figure. Compared to the beginning of the year, the cash balance increased by 7.8 trillion soums.
Other deposits in the national currency increased by 35.1 trillion soums during the year, and by 5.9 trillion soums in July.
Although cash in circulation is growing significantly in absolute terms, its share in the total money supply is consistently decreasing. While in 2013 the share of cash in the total money supply was 23.6 percent, in 2025 this figure decreased to 18.9 percent, and by August 2026 it decreased to 17.5 percent.