Finance

Licenses of some companies providing insurance services have been suspended

Agency for the Development of the Insurance Market under the Ministry of Finance suspended licenses of several insurance companies for violations.

Chairman of the Senate Committee takes part in the 36th plenary meeting of the Eurasian Group

On 1 June, Tashkent hosted the 36th plenary meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG).

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Cashier collected 16.5 million soums of cashback by registering consumer checks

In April, a citizen of B.R., having registered 443 checks in the amount of 1.8 billion soums, accumulated 18,183,656 soums of cashback. Of these, 152 checks of the AA enterprise in the amount of 1.6 billion soums, for which cashback in the amount of 16,485,000 soums was credited.

Chairman of the National Bank of Tajikistan visited the Central Bank of the Republic of Uzbekistan

A meeting was held at the Central Bank of the Republic of Uzbekistan with the Chairman of the National Bank of Tajikistan, Kholikzoda Khokim Hikmatullo.

Uzbekistan to Reform the National Financial Sector with

Last week, the World Bank’s Board of Executive Directors approved a $15 million concessional credit for Uzbekistan. It will finance a five-year project to support the Government’s efforts in restructuring and privatizing state-owned commercial banks, strengthening financial preparedness for natural disasters, establishing a development bank, and improving export and trade financing instruments for local enterprises.

In May 2022, goods and services in the consumer market become expensive by 1.0% on average

According to the State Statistics Committee, in January-May 2022, the increase in prices in the consumer sector in Uzbekistan amounted to 5.5%, with an average monthly value of 1.1%. In annual terms (relative to May 2021), the increase in consumer prices reached 11.0%.

The integration of information systems between the Information Technology Center of the Ministry of Finance and the Unified republican processing center has been carried out.

Since May 2022, a bilateral exchange of information has been established between the “UzASBO” software package of the Information Technology Center of the Ministry of Finance and the “UZCARD” information system of the unified republican processing center.

The Central Bank hosts a training seminar with the participation of an international expert of the World Trade Organization

A training seminar was held at the Central Bank with the participation of Olga Kazakevich, an international expert of the World Trade Organization (WTO).

A meeting with the delegation of the EAG group was held at the Central Bank of Uzbekistan

Within the framework of the 36th Plenary meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) at the Central Bank of the Republic of Uzbekistan, a meeting was held between the leadership of the Central Bank and Chairman of the EAG Yury Chikhanchin.

EBRD supports green innovation in Uzbekistan’s agribusiness sector

The EBRD is promoting green technologies in Uzbekistan’s agribusiness sector by organising a financial package of up to US$6.3 million to Milk Euro Food, a Chirchik-based producer of butter and spreads. Up to US$750,000 of the loan amount will be provided by the TaiwanICDF.

Currency rates from 23/06/2022

$ 1 10847.08 -0.449%
€ 1 11411.13 -0.901%
₽ 1 203.89 +2.078%
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