Monday, 27, September, 2021

Finances

The volume of Uzbekistan’s gross gold and forex reserves as of August 1 topped US$ 35.11 billion, recording a US$ 965 million increased over the month, follows from the data of the Central Bank.

The Cabinet of Ministers issued the Measures to implement the project “Vital Infrastructure Support Program: Support for the Electricity Industry” Resolution.

The Khalq Bank has suspended lending due to an increase in the share of non-performing loans, the bank said in a statement.

The International Monetary Fund (IMF) has approved the allocation of a record US$ 650 billion to restore the world economy, Dunyo news agency reported.

At its July 29 meeting held, the Board of the Central Bank decided to keep the interest rate unchanged, at 14%, expanding the interest rate corridor to +/- 2 percentage points in order to ensure a balance between achieving the inflation forecast for this year and supporting economic activity amid growing inflationary risks and aggravation of the situation with the pandemic, the Central Bank said in a statement.

The Ministry for Support of Mahalla and Family on July 27 signed a grant agreement with international partners to implement the project "Expanding Economic Opportunities for Rural Women in Uzbekistan", the Minsitry said in a statement.

The Uzbek Ministry of Finance placed a dual-tranche sovereign eurobonds worth US$ 870 million denominated both in U.S. dollars and Uzbek soums on the London Stock Exchange, the Ministry said.

The Uzbek Ministry of Finance is preparing to place a dual-tranche sovereign eurobonds denominated both in U.S. dollars and Uzbek soums total worth of US$ 870 million on the London Stock Exchange, the Deputy Finance Minister Odilbek Isakov said today.

The volume of Uzbekistan’s gross gold and foreign exchange reserves as of July 1 topped to U$ 34.14 billion, recording a decrease of U$ 1.37 billion over the month, the Central Bank said in a report.

The Finance Ministry has announced that the next sovereign international bond will be listed on the London Stock Exchange, and added the cash from these international bonds in the national currency will be used to finance the Sustainable Development Goals.