On 30 October 2020, a regular meeting of the Council of the Interbank Association of the Shanghai Cooperation Organization (ICO SCO) in the format of a video conference was held.
The volume of bad loans of commercial banks in Uzbekistan as of 1 October 2020 reached 6.84 trillion soums, according to the data of the Central Bank of Uzbekistan.
The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU) JSC will develop a long-term strategy for 2021-2025 and transform the bank’s activities.
In October 2020, the average level of consumer prices and tariffs for the month increased by 1.4%. In October 2019, on average monthly prices and tariffs for goods and services increased by 1.5%.
On 30 October 2020, in the videoconferencing mode, chaired by the Russian side, the 16th meeting of the SCO Interbank Association Council was held, whose members are the chairmen of the boards of leading banks of the SCO member states.
This year, the dynamics of bank cash turnover was formed based on the socio-economic situation in the country, in particular under the influence of a decrease in economic activity in conditions of quarantine and its resumption.
A video conference was held in the conference hall of Surkhandarya region to discuss the draft law, directions and changes in fiscal policy next year, as well as indicators of the local budget of Surkhandarya region for 2021.
On 28 October 2020, Uzpromstroybank, one of the first among commercial banks, signed a general refinancing agreement with the Uzbekistan Mortgage Refinancing Company (UzKRI) in the amount of 337 billion soums.
On the website of the Central Bank, a draft "Main directions of monetary policy for 2021 and the period 2022-2023", conceptually approved at the meeting of the Board of the Central Bank on 22 October 2020, was published for public discussion.