The Government adopted a resolution “On measures to organize the activities of the company “Company for refinancing mortgages in Uzbekistan”.
As previously reported, from 1 October 2019, in accordance with international practice, a procedure was introduced for withdrawing funds from international payment cards through ATMs in the country exclusively in national currency - “soums”.
The Ministry of Investment and Foreign Trade, together with the German federal government represented by the KfW Development Bank, plans to launch the financial sector program “Financing Micro, Small and Medium Enterprises (MSMEs)” in the second half of 2020.
The Presidential Decree “On Measures to Improve Mechanisms for Raising External Gratis Assistance and Work with Donors” has been adopted.
Senate of Oliy Majlis of Uzbekistan approved the Law of the Republic of Uzbekistan “On banks and banking activities” in the new edition.
In order to develop the mortgage market of Uzbekistan and create a sustainable system of long-term mortgage financing based on market principles, Presidential resolution from 13 May 2019, on Additional Measures for the Development and Expansion of the Mortgage Market, was adopted lending ”, which approved the Roadmap for the development of the mortgage lending system in the Republic of Uzbekistan for 2019-2021.
For 9 months of 2019, the total volume of currency transactions of legal entities and individuals in the domestic foreign exchange market made up US$24.3 billion, which is 1.3 times higher than the corresponding period of the previous year (US$18.3 billion). This was reported by the press service of the Central Bank.
The Senate approved the Law of the Republic of Uzbekistan “On currency regulation” in the new edition.