In September 2017, the Uzbek authorities decided to lift most of the Soviet-era exchange restrictions. Moreover, the currency was devalued by 50% and according to international press, the exchange rate will be determined by market factors. This is likely to reduce the pressure on the foreign exchange reserves. Therefore and as its payment experience improved, Credendo decided to upgrade the short-term political risk from category 6 to 5.
02 Oct 2017
Short-term political risk, October 2017
In the framework of its regular review of short-term (ST) political risk classifications, Credendo has upgraded eight countries (Belarus, Gambia, ...