Finance

IFC makes record investment in Central Asia to boost sustainable growth, foster inclusion

Amid overlapping challenges and geopolitical risks, IFC invested and mobilized over US$1.6 billion in the Central Asia region in fiscal year 2023 (FY23)—its highest ever in the region—to enhance growth, upgrade regional connectivity, and build climate resilience. That work, between July 1, 2022, and June 30, 2023, came alongside milestone engagements to boost financial inclusion, structure groundbreaking public-private partnership (PPP) projects, and promote gender diversity.

Central Bank: MIKROMOLIYA TASHKILOTI FACTORING LLC is excluded from the register of organizations engaged in microfinance activities

By a resolution of the board of the Central Bank, in connection with violation of the legislation of the Republic of Uzbekistan, as well as regulations of the Central Bank, the limited liability company "MIKROMOLIYA TASHKILOTI FACTORING" was excluded from the register of organizations engaged in microfinance activities. This was reported by the press service of the Central Bank.

Latest News

The Ministry of Health bans antistrumin in schools and kindergartens after mass poisoning

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Uzbekistan and Kazakhstan are increasing the dynamics of cooperation

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Russia introduces restrictions on the export of finished meat products of Starodvorskie Sausages to foreign markets

23/09/2023Read more

A meeting was held at the Central Bank with representatives of Commerzbank

A meeting was held at the Central Bank with the regional head of Commerzbank (Germany) for Eastern Europe, Turkey and Central Asia.

The Tax Committee to study international experience in auditing transnational companies

The Tax Committee has launched the implementation of the first technical support program implemented within the framework of the joint initiative of the Organization for Economic Co-operation and Development (OECD) and the United Nations Development Program (UNDP) “Tax Inspectors without Borders” without borders – (TIWB).

AIIB Invests US$25 Million into Uzpromstroybank Sustainable Bond

The Asian Infrastructure Investment Bank (AIIB) has participated in the private placement of US$100 million, five-year sustainable Eurobonds by JSCB Uzpromstroybank, Uzbekistan’s second largest bank. AIIB invested a total of US$25 million in the issuance.

Tax Gap system officially canceled in Uzbekistan

President Shavkat Mirziyoyev signed a resolution introducing a number of changes to the tax legislation of Uzbekistan. This is reported by the Ministry of Justice.

Uzbekistan increases the limit on the export of foreign currency abroad

The government of Uzbekistan has amended the Rules for the import and export of cash foreign currency by individuals across the border of Uzbekistan.

Central Bank and ELINC China Co. Ltd signed a memorandum of cooperation

Today, on 5 September, a ceremony was held in Tashkent to sign a memorandum between the Central Bank of the Republic of Uzbekistan and ELINC China Co. ltd.

Central Bank supports youth initiatives on financial literacy

A meeting was held at the Central Bank with one of the developers of a mobile interactive application for financial education.

The limitation period for tax liabilities is reduced from 5 to 3 years

According to new presidential resolution, the following is prohibited during a desk tax audit:

Currency rates from 22/09/2023

$ 1 12190.01 +0.098%
€ 1 12987.24 -0.314%
₽ 1 126.91 +0.674%
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