Coverment and economy

To this point, governmental economic policy reforms had been cautious. Under the administration of Islam Karimov (https://en.m.wikipedia.org/wiki/Islam_Karimov) currency (https://en.m.wikipedia.org/wiki/Currency) conversion capacity was restricted and many other government measures to control economic activity, including the implementation of severe import restrictions and sporadic closures of Uzbekistan's borders with neighboring Kazakhstan (https://en.m.wikipedia.org/wiki/Kazakhstan), Kyrgyzstan (https://en.m.wikipedia.org/wiki/Kyrgyzstan), and Tajikistan (https://en.m.wikipedia.org/wiki/Tajikistan) led international lending organizations to suspend or scale back credits.

• To this point, governmental economic policy reforms had been cautious. Under the administration of Islam Karimov (https://en.m.wikipedia.org/wiki/Islam_Karimov) currency (https://en.m.wikipedia.org/wiki/Currency) conversion capacity was restricted and many other government measures to control economic activity, including the implementation of severe import restrictions and sporadic closures of Uzbekistan's borders with neighboring Kazakhstan (https://en.m.wikipedia.org/wiki/Kazakhstan), Kyrgyzstan (https://en.m.wikipedia.org/wiki/Kyrgyzstan), and Tajikistan (https://en.m.wikipedia.org/wiki/Tajikistan) led international lending organizations to suspend or scale back credits.
• Uzbekistan is a major producer and exporter of cotton, and bans on cotton import were implemented in the early 2010s due to international human rights concerns. However, in 2022, the Cotton Campaign and other agencies, including the US Government, lifted all bans on the import[19] (https://en.m.wikipedia.org/wiki/Economy_of_Uzbekistan#cite_note-19) of Uzbek cotton. Uzbekistan is also a big producer of gold, with the largest open-pit gold mine in the world. The country has substantial deposits of silver, strategic minerals, gas, and oil.
• Since 2016 and the new president Shavkat Mirziyoyev coming to his position, there have been significant economic reforms in Uzbekistan. The country liberalised the currency in 2017, allowing freer flows of foreign currency and allowing the import and export of goods, and the path to foreign investment.[20] (https://en.m.wikipedia.org/wiki/Economy_of_Uzbekistan#cite_note-20) 2019 tax reforms also allowed company consolidation, tax simplification and the professionalisation of the Private sector.