Central Bank Fixes US Dollar at 11,838.92 Uzbek Som Following Streak of Declines
The official exchange rate for the US dollar in Uzbekistan dropped to 11,838.92 som on October 26, 2026, according to data from the Central Bank. The American currency fell by 64.23 som in a single day, continuing a downward trend that pushed the exchange rate down from 12,055.90 som since October 17, Kursiv Uzbekistan reported. Over that period, the official rate declined by 216.98 som, or 1.80%.
Commercial Bank Exchange Rates Across Uzbekistan
Commercial banks across the country set varying rates for purchasing and selling foreign currencies. For the US dollar, Asia Alliance Bank offered the highest purchase rate at 11,805 som, while Asakabank and Ipoteka bank recorded the lowest selling rates at 11,850 som, according to Kursiv Uzbekistan. Additional data from goldenpages.uz shows Infinbank purchasing the dollar at 11,810 som and Aloqabank selling at 11,860 som on October 26, 2026.
For European and Russian currencies, Asia Alliance Bank offered a euro purchase rate of 13,200 som, with NBU listing the selling rate at 13,300 som. In the ruble market, Asia Alliance Bank set the purchase price at 119 som, while Kapitalbank listed the selling price at 143 som.
| Currency | Best Purchase Rate | Best Selling Rate |
|---|---|---|
| US Dollar ($1) | 11,805 som (Asia Alliance Bank) | 11,850 som (Asakabank, Ipoteka bank) |
| Euro | 13,200 som (Asia Alliance Bank) | 13,300 som (NBU) |
| Russian Ruble | 119 som (Asia Alliance Bank) | 143 som (Kapitalbank) |
Daily Currency Movement and Passport Requirements for Exchangers
The American currency weakened on a daily basis throughout mid-October. The rate dropped below the 12,000-som threshold on October 22, settling at 11,965.51 som before sliding further to 11,838.92 som by October 26, marking the lowest exchange rate for the tracked period, Kursiv Uzbekistan reported. goldenpages.uz notes that transactions exceeding $100 require customers to present a passport so the cashier can enter identification details into the computer, though no photocopy is required.
Frequently Asked Questions About Currency Exchange in Uzbekistan
Why do exchange rates vary between commercial banks and the Central Bank?
Commercial banks set their own purchase and selling rates based on market liquidity and operational costs, while the Central Bank publishes an official daily reference rate calculated from interbank trading volumes.
Do bank exchange locations require identity documents for all transactions?
goldenpages.uz states that small transactions under $100 do not require identification, but purchases or sales exceeding $100 require the customer to present a passport for data entry.
What factors influenced the recent decline of the US dollar?
The Central Bank figures show a steady daily decrease from October 17 to October 26, though specific macroeconomic drivers beyond the recorded daily figures were not detailed in the reports from Kursiv Uzbekistan.