Finance

Central Bank of Uzbekistan becomes the main seller of gold in the world in January

The Central Bank of Uzbekistan became the main seller of gold in January, reducing reserves by 11.5 tons.

The law on consumer loans amended

Increasing demand of citizens for consumer loans and expansion of supply of products and services in recent years require amendments to the Law on allocation of financial consumer loans.

Latest News

Uzbekistan records US$9bn trade turnover in Jan-Feb – State Agency

22/03/2023Read more

Maersk Air Cargo launches flights to Uzbekistan

22/03/2023Read more

“Tricks” of 16-year-old intruder disclosed

22/03/2023Read more

What results have monetary reforms led to?

Experts from the Institute for Forecasting and Macroeconomic Research (IPMI) have analysed the results of monetary reforms in 2017-2022.

Inflation in February in annual terms was 12.2%

Composite consumer price index (CPI) in February 2023 made 0.5% against previous month and 1.4% against December 2022. In annual terms (to February of the previous year) this index reached 12.2%. This is reported by the State Agency of Uzbekistan.

EBRD helps improve efficiency of irrigation in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) is helping to improve the efficiency of irrigation in the Fergana Valley in Uzbekistan, the most densely populated part of Central Asia. The EBRD funds will finance necessary engineering works in three Uzbek oblasts that are heavily reliant on fresh water withdrawals from the Syr Darya river, which is largely fed by glacial melts affected by global warming.

The court declared Turkiston Bank bankrupt

Private Joint-Stock Bank Turkiston was declared bankrupt in line with the court decision. The press service of the Central Bank of Uzbekistan said in a statement.

CBU hosts meeting with the Mastercard delegation at the Central bank of Uzbekistan

The Central Bank of Uzbekistan hosted the first meeting with the Mastercard delegation, within the framework of joint memorandum.

Meeting on green energy issues at Central bank of Uzbekistan

The Central Bank of Uzbekistan hosted a meeting with the World Bank delegation to discuss the issues of large-scale development of renewable energy sources, particularly solar energy as an alternative source of energy.

Farms to receive a refund of income tax paid for their employees

From 1 April 2023 to 1 May 2024, on a pilot basis, a procedure will be introduced for the return of the income tax paid to farms specializing in the cultivation of cotton or grain to the income of their employees in the form of wages at the same time, subject to the following conditions:

CBU hosts a meeting with the representatives of the World Bank

The Central Bank of Uzbekistan hosted a meeting between bank management and the delegation of the World Bank.

Currency rates from 17/03/2023

$ 1 11417.98 -0.276%
€ 1 12123.61 -0.837%
₽ 1 149.33 -1.256%
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