In accordance with Article 6 of the Law of the Republic of Uzbekistan “On Payments and Payment Systems”, payment systems are divided into significant and other payment systems.
As part of the ongoing reform of public Finance management in Uzbekistan, in recent years, increased attention has been paid to increasing transparency in the budget and tax sphere and involving citizens in the budget process.
The Central Bank hosted the final stage of the Global Money Week campaign, which was held for the first time on a large scale in the republic from February to April this year.
As part of the visit of the government delegation of Uzbekistan to Seoul, a meeting was held between the Deputy Prime Minister and Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov and the Chairman of the Eximbank of Korea Bang Moon-kyu.
On 7 July 2020, the National Press Center of Uzbekistan hosted a press conference on the organization and conduct of check prize games organized by the State Tax Committee of the Republic of Uzbekistan, the press service of the State Tax Committee said.
The agreements on the allocation of the Republic of Uzbekistan by the ADB soft loan in the amount of US$500 million were signed. This decision was previously unanimously approved by the Board of Directors of the bank.
On 6 July, President of the Republic of Uzbekistan Shavkat Mirziyoyev chaired a meeting on implementation of the 2020-2025 Banking System Reform Strategy and acceleration of the process of transforming commercial banks with an eye to uplifting the private sector share in banking assets from 15 to 60%.
In April-June 2020, cash circulation in the banking system was formed under the influence of socio-economic processes taking place during the coronavirus pandemic in the country. This was reported by the Central Bank of Uzbekistan.
As part of comprehensive efforts to increase the financial literacy of children and youth, the Central Bank is launching an initiative to conduct educational and recreational activities in children’s camps.
Marco Mantovanelli started his assignment as World Bank Country Manager for Uzbekistan on 1 July 2020. He has replaced Hideki Mori, who was in this position since March 2017 and has moved to a new assignment in New Delhi, where he will be working as the Bank’s Operations Manager for India.