Balance of payments indicators and their impact on the stability of the national currency

Balance of payments indicators and their impact on the stability of the national currency

Авторы

  • Intizor Ismoilova
  • Sevinch Berdikulova

DOI:

https://doi.org/10.5281/zenodo.17168800

Ключевые слова:

Balance of payments, current account, capital movements, official reserves, exports, imports, trade balance, deficit, national currency stability, external debt, investments, exchange rate

Аннотация

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.

Биографии авторов

Intizor Ismoilova


3rd year student of the Yangiyer branch of
the Tashkent Institute of Chemical Technology

Sevinch Berdikulova

Scientific supervisor:
Intern teacher of the Yangiyer branch of the
Tashkent Institute of Chemical Technology

Библиографические ссылки

1. O‘zbekiston Respublikasi Markaziy banki. To‘lov balansi statistik hisobotlari (2023–2024 yillar). – Toshkent: Markaziy

bank rasmiy sayti. – URL: https://cbu.uz (murojaat qilingan sana: 10.09.2025).

2. O‘zbekiston Respublikasi Davlat statistika qo‘mitasi. Tashqi savdo aylanmasi ma’lumotlari (2023–2025 yillar). –

Toshkent: DSQ rasmiy sayti. – URL: https://stat.uz (murojaat qilingan sana: 10.09.2025).

3. Federal Reserve Bank of St. Louis. Uzbekistan Balance on Current Account (UZBBCAUSD). – St. Louis, 2025. – URL:

https://fred.stlouisfed.org/series/UZBBCAUSD (murojaat qilingan sana: 11.09.2025).

4. Lloyds Bank. Uzbekistan: Foreign trade profile. – London, 2023. – URL: https://www.lloydsbanktrade.com (murojaat

qilingan sana: 11.09.2025).

5. Invexi. Uzbekistan’s foreign trade turnover in the first quarter of 2025 amounted to 17.3 billion USD. – 2025. – URL:

https://invexi.org (murojaat qilingan sana: 11.09.2025).

6. International Monetary Fund (IMF). Balance of Payments and International Investment Position Manual (BPM6). –

Washington, D.C.: IMF, 2009. – 351 p.

7. Krugman P., Obstfeld M. International Economics: Theory and Policy. – 10th ed. – Boston: Pearson Education, 2018.

– 792 p.

8. Mishkin F.S. The Economics of Money, Banking and Financial Markets. – 12th ed. – Boston: Pearson Education, 2019.

– 739 p.

Загрузки

Опубликован

2025-05-30

Как цитировать

Ismoilova , I., & Berdikulova , S. (2025). Balance of payments indicators and their impact on the stability of the national currency. ЗЕЛЁНАЯ ЭКОНОМИКА И РАЗВИТИЕ, 3. https://doi.org/10.5281/zenodo.17168800
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