Asian Development Bank (ADB) President Masatsugu Asakawa and Uzbekistan’s Deputy Prime Minister, Minister of Investments and Foreign Trade, and ADB Governor Sardor Umurzakov today discussed how ADB can support Uzbekistan in its fight against the COVID-19 pandemic.
In order to prevent the spread of coronavirus in Uzbekistan, it was decided to temporarily suspend the operation of cash registers and exchange points in quarantine mode.
In order to mitigate the negative consequences of the coronavirus pandemic on the repayment of household loans and business entities, credit institutions are required to introduce a simplified procedure for considering applications for extending loan payment terms.
In line with the order of the President of the Republic of Uzbekistan, Zakhidov Botir Erkinovich was appointed First Deputy Chairman of the Central Bank of the Republic of Uzbekistan. This was reported by the press service of the Central Bank
In order to mitigate the risks associated with payments on loans of borrowers due to the spread of coronavirus infection, the Central Bank recommended to all credit organizations:
In connection with the dissemination of different opinions in the media and social networks, as well as in order to prevent possible speculation regarding future changes in the level of the exchange rate of the sum, the Central Bank reports the following.
In accordance with the Regulation, in order to receive a subsidy, the applicant personally contacts the Public Service Centers (PSC) of the desired district (city) or passes registration on the Unified Portal of Interactive Public Services (EPIGU) to receive a public service in electronic form.
A Government Resolution “On Approving the Regulation on the Payment of Subsidies to Citizens for the Acquisition of Housing” was adopted.
The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says.
Commercial banks have created all the necessary conditions for using remote banking services without visiting banks. Today, almost all commercial banks have mobile applications. Also, several mobile applications of payment organizations are actively functioning. This, in turn, gives the population the opportunity to use payment services without visiting banks, which is undoubtedly more convenient, faster and more reliable.