Tashkent, Uzbekistan (UzDaily.com) -- On 13 June 2024, Bank of Georgia made the first purchase of government bonds of Uzbekistan denominated in soums. This was stated by the National Agency for Advanced Projects (NAPP).

On 26 February 2024, Bank of Georgia was registered as the first participant in the special legal regime “Regulatory Sandbox” in the field of the capital market in Uzbekistan. This regime was introduced by NAPP to test and introduce innovative financial products and services.

Under this regime, the bank made its first transaction to purchase government bonds denominated in soums on the local market through the trading platform of the Currency Exchange of Uzbekistan.

According to NAPP information, Bank of Georgia became the first member of the Uzbekistan Currency Exchange to take part in securities trading within the framework of the special legal regime “Regulatory Sandbox”.

The NAPP noted that this important event could help attract large international financial institutions and portfolio investors to Uzbekistan, including large custodian banks and investment intermediaries.