Tashkent, Uzbekistan (UzDaily.com) -- For 9 months of 2019, the total volume of currency transactions of legal entities and individuals in the domestic foreign exchange market made up US$24.3 billion, which is 1.3 times higher than the corresponding period of the previous year (US$18.3 billion). This was reported by the press service of the Central Bank.

The volume of foreign exchange transactions during interbank trading sessions on the currency exchange reached US$15.5 billion, of which the demand for foreign currency was US$7.7 billion, and the supply was US$4.8 billion.

The difference between supply and demand in the amount of US$2.9 billion was covered by Central Bank interventions, the volume of which was within the volume of monetary gold purchased from the beginning of the year from local producers (US$3.0 billion). This, in turn, made it possible to sterilize excess liquidity in the economy as part of the current monetary policy.

The total volume of foreign exchange operations of commercial banks in the OTC currency market amounted to US$5.2 billion. At the same time, commercial banks bought US$3.0 billion of foreign currency from legal entities and sold US$2.2 billion to legal entities. The difference between supply and demand in the amount of US$0.8 billion remaining at the disposal of commercial banks served as an additional offer in the domestic foreign exchange market.

The total volume of transactions of purchase and sale of foreign currency of individuals (in cash and non-cash) through exchange points of commercial banks reached US$3.6 billion.

At the same time, the volume of purchase of foreign currency funds from the population amounted to US$2.5 billion, the volume of foreign currency sold to the population - US$1.0 billion. The difference between the purchase and sale of foreign currency through exchange offices in the amount of US$1.5 billion also served as an additional source of supply for foreign exchange market.

The volume of foreign exchange transactions of commercial banks with individuals in comparison with the same period last year increased by 1.4 times.

In January-September 2019, the total volume of international money transfers of the population amounted to US$5.2 billion. Of these, through the system of international money transfers, the population transferred US$4.5 billion from abroad to the republic, foreign funds worth US$0.8 were transferred to foreign countries. billion

The volume of foreign currency receipts through international money transfers increased by 18% compared to the same period last year (January-September 2018 - US$3.8 billion).