Balance of payments indicators and their impact on the stability of the national currency
DOI:
https://doi.org/10.5281/zenodo.17168800Keywords:
Balance of payments, current account, capital movements, official reserves, exports, imports, trade balance, deficit, national currency stability, external debt, investments, exchange rateAbstract
This article analyzes the impact of balance of payments indicators on the stability of the national currency. In
the context of the acceleration of world economic relations, indicators such as the foreign trade balance, current account
and capital movements are emerging as the main factors determining the country‘s economic stability. A positive balance
in the balance of payments increases the demand for the national currency and reduces the risk of its depreciation, while
a negative balance, on the contrary, puts pressure on the exchange rate. In this regard, the article studies the dynamics
of Uzbekistan‘s balance of payments in recent years and the main internal and external factors affecting the exchange
rate of the national currency – the soum. The results of the study show that increasing export volumes, attracting foreign
investment and strengthening foreign exchange reserves are of great importance in ensuring the stability of the national
currency.
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