Role of Information Asymmetry in Free Formation of Exchange Rate in Uzbekistan

Abstract

This article presents economic and institutional aspects of information asymmetry in the process of free formation of exchange rate in the Republic of Uzbekistan. Within the framework of economic reforms being carried out in the country, important steps are being taken in the direction of liberalization of the foreign exchange market. At the same time, due to information disparity between economic entities, efficiency in the foreign exchange market is undermined. This article presents the theoretical foundations of this issue, the practical state of it in Uzbekistan, the analysis of statistical indicators, the impact of information asymmetry on the economy and proposals for its reduction.