The government hopes that the country’s current account deficit will go within the next two years after being negative for most of the past decade. In the medium term, the balance of payments (BOP) will improve further, and the current account balance would return to a positive quadrant by the end of FY26, said the…
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Belarus and Russia need to develop a plan of action in the face of sanctions and further strengthen the EAEU, and Uzbekistan and Kazakhstan are ready to join this process. Alexander Lukashenko stated this at a meeting with Russian President Vladimir Putin in Sochi, BelTA informs. “Most importantly, we know what to do and in…
In January-April of this year, the volume of money transfers to Uzbekistan amounted to $3.1 billion. According to the Central Bank, this is 20.8% more than in the corresponding period of 2022. The bank said in a report that over the past four months of the year, the population purchased $2.8 billion from banks and…
According to the parliamentary press service, the meeting adopted a resolution to convene the forty-first plenary session of the Senate on June 1 this year. During the plenary session, senators will discuss and consider the following laws: “On conflict of interest”; “On amendments and additions to some legislative acts of the Republic of Uzbekistan aimed…
On January 25 , 10-year government bonds worth 10 billion soums were issued for the first time at the Republican Currency Exchange (UzRCE) . Also on that day, 5-year government bonds worth 174.5 billion soums were placed. The weighted average coupon payment on these securities amounted to 15% and 14.5% per annum, respectively, setting a benchmark for a 10-year…