Finance

Uzbekistan suspends work of cash desks, currency exchange offices and international money transfers located outside the bank’s building

In order to prevent the spread of coronavirus in Uzbekistan, it was decided to temporarily suspend the operation of cash registers and exchange points in quarantine mode.

The Central Bank introduces a simplified procedure for considering applications for extending loan payment terms

In order to mitigate the negative consequences of the coronavirus pandemic on the repayment of household loans and business entities, credit institutions are required to introduce a simplified procedure for considering applications for extending loan payment terms.

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New First Deputy Chairman of the Central Bank appointed

In line with the order of the President of the Republic of Uzbekistan, Zakhidov Botir Erkinovich was appointed First Deputy Chairman of the Central Bank of the Republic of Uzbekistan. This was reported by the press service of the Central Bank

Central Bank decides not to fine for deferred loans

In order to mitigate the risks associated with payments on loans of borrowers due to the spread of coronavirus infection, the Central Bank recommended to all credit organizations:

The Central Bank carefully monitors the situation in the domestic foreign exchange market

In connection with the dissemination of different opinions in the media and social networks, as well as in order to prevent possible speculation regarding future changes in the level of the exchange rate of the sum, the Central Bank reports the following.

The procedure for issuing mortgage subsidies established

In accordance with the Regulation, in order to receive a subsidy, the applicant personally contacts the Public Service Centers (PSC) of the desired district (city) or passes registration on the Unified Portal of Interactive Public Services (EPIGU) to receive a public service in electronic form.

Part of the initial fee and (or) mortgage interest will be covered by the State budget

A Government Resolution “On Approving the Regulation on the Payment of Subsidies to Citizens for the Acquisition of Housing” was adopted.

Fitch Ratings: Russian and CIS Banks Pressured by Coronavirus and Oil Price Slump

The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says.

Banking services: fast, convenient, reliable

Commercial banks have created all the necessary conditions for using remote banking services without visiting banks. Today, almost all commercial banks have mobile applications. Also, several mobile applications of payment organizations are actively functioning. This, in turn, gives the population the opportunity to use payment services without visiting banks, which is undoubtedly more convenient, faster and more reliable.

Central Bank recommends to use cashless payments

Making cash payments is one of the channels for spreading the virus, according to the World Health Organization (WHO). The virus on paper persists for 3-4 days.

Currency rates from 25/03/2020

$ 1 9532.74 +0.130%
€ 1 10220.05 -3.332%
₽ 1 119.99 -7.856%
Other currencies »