The Agency for the Development of the Capital Market (hereinafter referred to as the Agency) has published a draft resolution of the President of the Republic of Uzbekistan "On measures to introduce securities based on the principles of Islamic finance."
The Capital Market Development Agency, with the support of the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan, held the first bilateral negotiations with the Dubai International Financial Center (DIFC) headed by Mr. Arif Amiri, Director General of the DIFC department.
The Capital Market Development Agency issued RB ASIA a license as an investment intermediary to carry out professional activities in the securities market of Uzbekistan.
For the first time in the history of the exchange activity of Uzbekistan, starting from 27 August, the Eikon information and analytical platform of the Refinitiv company (Thomson Reuters) constantly posts automatically updated information on markets and activities Uzbek Republican Currency Exchange.
As part of the rebranding, a new brand name (logo) was developed, based on the key characteristics of the Currency Exchange.
On 11 September 2020, the leadership of the Capital Market Development Agency of the Republic of Uzbekistan, together with the leadership of the Korean Stock Exchange (KRX), headed by Mr. Nam Gi Chae, held successful negotiations on the development of further cooperation.
On 19 August 2020, the Capital Market Development Agency registered an additional issue of shares of the Uzbek Republican Commodity and Raw Materials Exchange in the amount of 49,972,280 common shares for a total of 31,482,536,400 soums.
Against the background of the effective anti-crisis policy pursued in the EU in response to the COVID-19 pandemic, as well as deeper economic problems in the US, the euro is strengthening, the exchange rate of which against the dollar has increased from 1.10 (April of this year) to 1.18 dollars (beginning of August of this year).
Against the background of the COVID-19 pandemic and the global economic recession, gold prices continue to grow rapidly, breaking the US$2,000 mark per troy ounce. Since the beginning of the year, the price of gold has increased by more than 30%, and in July - by 11%.