The Central Bank has prepared preliminary indicators of the current account of the balance of payments for the first half of 2020.
The development of Islamic finance as an alternative financial model for achieving the Sustainable Development Goals (SDGs) in Uzbekistan has united three players in the international and local markets by signing a Statement of Intent between the Agency for development of the capital market of the Republic of Uzbekistan, the UN Development Program and the Islamic Development Bank.
The Ministry of Finance of Uzbekistan published information on the income and expenses of the Anti-Crisis Fund, created under the department to fight the coronavirus.
The Tax Code, which came into force in 2020, in accordance with international standards, serves as an important document in the continuation of positive changes in the tax policy of our country.
In the first half of 2020, 2,584 financial control measures were carried out based on the work plan, instructions from the government and law enforcement agencies.
The total volume of transactions in the domestic foreign exchange market of Uzbekistan made up US$8.2 billion in the first half of 2020, having increased by 1.8 and 1.2 times compared to the corresponding periods of 2018 and 2019, respectively. The Central Bank of Uzbekistan said in a report.
Effective corporate governance plays a key role in ensuring the proper functioning of the banking sector. The quality of the organization of banking is an important factor in achieving economic well-being, because the stability of banks is the foundation of financial stability.
Following the results of the first half of this year, the volume of foreign currency sales by individuals reached US$2.2 billion, an increase of 57% or US$797 million compared with the same period last year, the Central Bank said.