Zafar Khashimov: Liberalization of currency market should not lead to price growth
04/09/2017 12:15
Zafar Khashimov: Liberalization of currency market should not lead to price growth
04/09/2017 12:15
Tashkent, Uzbekistan (UzDaily.com) -- Liberalization of foreign exchange market should not lead to hike of prices for imported consumer goods, founder and head of the network korzinka.uz Zafar Khashimov said on his channel in Telegram.
Zafar Khashimov noted that import of consumer goods has not been financed for a long time due to official conversion and pricing was carried out at the rate of the parallel (black) market.
“Moreover, importer companies even had to overpay in excess of the black market rate because of different commission payments and exchange rates. Not everyone, at the same time, managed to carry out such operations due to their unstructured and opaque nature. Heads of such trade enterprises spent more resources and time to find sources of currency to finance import operation, rather than to improve their trading operations and reduce costs,” he said.
“Now, after ensuring equal access to all business entities for purchase of currency on market terms through their banks, there will be more participants on the market, competition will grow, effective rate for these operations will even decrease slightly due to easier access and transparency,” Zafar Hashimov said.
The head of the network korzinka.uz noted that the President’s decree also paid attention to ensuring the stability of prices for important consumer goods. He said that these provisions are dictated by the state’s concern to ensure stable food prices for the population, as well as to remove negative expectations.
"However, I am deeply convinced that with equal conditions for all, the prices for imported consumer goods will go down in the next two months or half a year," Hashimov said.
Zafar Hashimov welcomed the decision to optimize customs duties and payments in order to prevent the growth of domestic prices for imported goods and services.
He said that this is very important and the devaluation of exchange rate of the Central Bank will push prices up. Optimization of customs duties and payments will help to prevent this.
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