by Nargiza Majidova (03/06/2013 issue of the CACI Analyst)
Starting from February 1, 2013, a ban on purchasing cash in foreign currency was introduced in Uzbekistan. From now on foreign currency banknotes can be obtained only through non-cash operations as a prepayment order on the bank account. On February 4, regional mass media reported that Uzbekistan’s government was ordered to reduce the quantity of imported goods, and to substitute these with locally produced ones. These currency regulations of Uzbekistan’s National Bank could signal an upcoming devaluation of Uzbekistan’s currency. An alternative interpretation is that the measure aims to preserve Uzbekistan’s hard currency reserves and to protect the business interest of local entrepreneurs.
by Farkhod Tolipov (02/20/2013 issue of the CACI Analyst)
On December 19, 2012, the summit of the Collective Security Treaty Organization adopted a decision according to which Uzbekistan de facto completely ceased its membership in this organization. It seems that such a decision is to the mutual disadvantage of both Uzbekistan and the CSTO. Uzbekistan lost one important, albeit weak, multilateral platform for international engagement; the CSTO lost one important, albeit stubborn, member. The strategic and geopolitical situation in Central Asia became even more uncertain than has so far been the case. Uzbekistan’s bilateralism cannot be a panacea in face of security challenges, while the CSTO’s multilateralism, in turn, cannot be efficient in the region without Uzbekistan.
By Erkin Akhmadov (11/28/2012 issue of the CACI Analyst)
Uzbekistan's capital and many districts are suffering from yet another fuel crisis. Fuel shortages have become a regular occurrence in Uzbekistan since 2010. Severe shortages of gasoline in Tashkent were reported on November 13-14, two weeks earlier than last year. Car drivers queue for several hours to fill up their tanks, and are sometimes forced to wait through the night. No official explanations are given for the massive fuel shortages, leaving those affected to speculate on the reasons for their troubles.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.