Finance

Shanghai group backs Russian proposal on common currency

The leaders of Shanghai Cooperation Organization countries backed on Tuesday Russia’s proposal on using national currencies in mutual settlements and introducing a common currency for the group.

ADB aims to double clean energy investments in Asia to US$2bn a year

The Asian Development Bank (ADB) is to substantially increase its clean energy investments to US$2 billion a year from a previous target of US$1 billion, in a bid to accelerate low carbon growth and reduce greenhouse gas emissions in the region.

Latest News

The Netherlands become the first quarter-finalists of the World Cup

03/12/2022Read more

The 96th meeting of the Economic Council of the Commonwealth of Independent States was held

03/12/2022Read more

Professor Rein Mullerson, the participant of the Global Forum, arrived in Tashkent

03/12/2022Read more

New partnership aims to expand access to modern energy to 100 million people by 2015

The Asian Development Bank (ADB) has launched an Energy for All Partnership that aims to provide access to modern energy to an additional 100 million people in the Asia-Pacific region by 2015.

China offers US$10 billion credit to boost SCO members

Chinese President Hu Jintao on Tuesday offered Central Asian states US$10 billion of credit support to help counter the global economic slump, telling a regional summit his country was on the right economic track.

SCO Interbank Association holds meeting, ink documents

A council of Interbank Association of the Shanghai Cooperation Organization held a meeting in Yekaterinburg, Russia, on 14 June.

IMF Managing Director Dominique Strauss-Kahn to Visit Central Asia

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Central Asia for the first time when he visits Kazakhstan, Tajikistan, the Kyrgyz Republic, and Uzbekistan between 15 to 18 June.

ICD issues US$42m to three Uzbek commercial banks

The Islamic Corporation for the Development of the Private Sector (ICD), affiliated with the Islamic Development Bank (IDB) Group, opened US$42 million credit line to three Uzbek commercial banks.

ADB appoints new chief economist

The Asian Development Bank (ADB) has appointed Dr. Jong-Wha Lee as Chief Economist.

EBRD urges CIS governments to adopt policies encouraging the private sector

Leading grain market players meeting at the initiative of the EBRD called on the governments of the former Soviet Union to stimulate the private investments needed to unlock the region’s huge agricultural potential through stable long-term policies and making it possible to use land in order to raise finance.

Uzbek leader approves agreements with Oman

Uzbek President Islam Karimov has signed a decree on "On approving agreements between the governments of Uzbekistan and Oman on the encouragement and mutual protection of investments, as well as avoiding double taxation and preventing income and capital tax evasion.

Currency rates from 25/11/2022

$ 1 11230.39 +0.069%
€ 1 11700.94 +0.980%
₽ 1 186.04 +0.351%
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