In order to create an effective organizational and legal mechanism for audit activity, to unify and systematize the rules and regulations of governing audit activity in a single regulatory legal document, the Law of the Republic of Uzbekistan "On audit activity" № LRU-677 was adopted on 25 December 2021.
The Center for Economic Research and Reforms has updated the rating of the most active banks in Uzbekistan. Qishloq Qurilish Bank, Asia Alliance Bank and Agrobank showed rapid growth and significantly improved their positions. At the same time, the most active banks in the fourth quarter of 2021 were Kapitalbank, Hamkorbank and Trustbank.
The domestic foreign exchange market in 2021 was characterized by an increase in the volume of both demand and supply of foreign currency against the backdrop of high economic growth and favorable conditions in foreign markets, the Central Bank of Uzbekistan said.
The policy rate of the Central bank was left unchanged at the level of 14 percent per annum, in order to achieve inflation forecasts for the current year, to maintain monetary conditions that slow prices and support savings, at the background of high economic growth dynamics.
In January-December 2021, compared to the corresponding period in 2020, there was an increase in investment activity, the growth rate of development of investments in fixed assets amounted to 5.2%.
In 2021, the main factor in the formation of demand and supply for cash was the accelerated growth in retail trade compared to 2020 from 5.7 percent to 12 percent, the provision of paid services from 3 percent to 19 .2 percent, as well as an increase in wages, pensions, allowances and other payments.
The volume of allocated mortgage loans in Uzbekistan in 2021 reached 9.8 trillion. soums.
Irodakhon Abboskhonova has been appointed director of the Department of Tax and Customs Policy and Revenue Forecasting of the Ministry of Finance.
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan approved measures to implement the project "Financing the sustainable development of the livestock sector" with the participation of the French Development Agency (Agence Française de Développement, AFD).
Currently, there is an expansion of the types of digital financial services and an increase in the number of consumers using them. In particular, the rise in the use of digital financial services during the coronavirus pandemic has demonstrated their benefits.