The trade turnover in the world market fell sharply due to the closure of the borders of many countries during the pandemic, as a result of which the economies of almost all countries of the world were seriously affected by this. However, thanks to the measures taken promptly by the government, the economy of Uzbekistan suffered significantly less damage than the economy of most countries of the world.
Today, on 16 April, in order to present the practical results of the work carried out by SQB Securities under Uzpromstroybank to support business entities, as well as informing the public about the company’s activities, a press tour was organized to the production facilities of the city of Tashkent.
President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures to further develop the capital market”.
A resolution of the President “On measures to further introduce market mechanisms in the processes of selling highly liquid and monopoly goods” was adopted.
In accordance with the resolution of the President of the Republic of Uzbekistan from 4 April 2020 No. PP-4664 "On priority measures to increase the financial stability of the oil and gas industry", motor gasoline and diesel fuel supplied for exchange trading at starting prices formed depending on quotations of Brent oil on world exchanges.
In January 2021, 3,014 transactions for 17.30 billion soums were concluded at Uzbekistan Stock Exchange (UZSE). The objects of transactions were 30.13 million securities of 63 issuers.
In accordance with the resolution of the Board of the Central Bank of the Republic of Uzbekistan from 9 January 2021, regarding the further improvement of foreign exchange purchase and sale operations in the domestic foreign exchange market, from 15 February 2021, trading on the currency exchange in the US dollar are held by the auction method "call" and two-way continuous auction "matching".
The "Capital Market of the Republic of Uzbekistan" project was launched in cooperation with the Ferghana regional branch of the Capital Markets Development Agency and the regional department of public education.
On 2 February 2021, the Agency for the Development of the Capital Market of the Republic of Uzbekistan and TheCityUK group held the first online meeting of the Uzbek-British working group of the MFC, where the parties discussed the start of the second phase of the project to create the Tashkent International Financial Center ( hereinafter - TMPTs).
On 1 February 2021, an advisory mission of the International Monetary Fund (IMF) headed by Mr. Ron van Ruden and the leadership of the Capital Market Development Agency of the Republic of Uzbekistan was held in the format of a video conference.