Saturday, 26, September, 2020

Finances

The National Interbank Processing Center LLC (NIPC - Uzcard brand) has once again changed the ownership, it follows from the data of the Unified State Register of Enterprises and Organizations.

The Asian Development Bank (ADB) has approved a $100 million loan to strengthen Uzbekistan’s resilience to public health emergencies, including the coronavirus disease (COVID-19) pandemic, by steadily improving testing, diagnosis, and the management of COVID-19 cases over the next two years.

The Central Bank of Uzbekistan entered into agreements with the International Finance Corporation (IFC) to implement two projects aimed at improving the regulatory environment for the development of electronic and digital financial services and realizing programs to improve financial literacy, the press service of the regulator reported.

The Japanese government and the United Nations Food and Agriculture Organization (FAO) will donate US$ 7.25 million for the second project to improve locust management in Central Asia, the Japanese Embassy in Uzbekistan said.

In January-June 2020, the average monthly salary before tax in Uzbekistan was at 2.5 million soums (240 USD), a 21.6% increase compared to the same period in 2019, the State Statistics Committee said in a report.

The Asian Development Bank (ADB) has delivered more medical supplies and equipment to Uzbekistan as part of its commitment to help the government respond to the coronavirus disease (COVID-19) pandemic.

The Central Bank of Uzbekistan has announced the volume of gold and foreign exchange reserves. As of July 1, Uzbekistan's official gold and foreign exchange reserves amounted to US$ 32.3 billion, with monetary gold at US$ 19.4 billion and foreign exchange - US$ 12.4 billion, while in the beginning of the year, the figure was at US$ 29.1 billion.

The Central Bank keeps interest rate unchanged at 15% per annum, the CB said in a statement. Following the regular meeting held on Thursday, the CB Board announced that the interest rate shall be set at 15% per annum.

On July 21, Deputy Foreign Minister Furqat Sidiqov held talks with Deputy Director General of the Kuwait Fund for Arab Economic Development, Marwan Abdullah al-Ghanim (KFAED), the Foreign Ministry said.

The European Union launched today a comprehensive EUR 3 million Central Asia COVID-19 Crisis Response (CACCR) solidarity package, addressing the needs of Central Asian countries. Implemented by the World Health Organization the CACCR programme will provide support to mitigate the current outbreak of the COVID-19 pandemic. It will also contribute towards longer-term resilience of the national health systems of the Central Asian countries by increasing their capacities to respond to similar public health threats, should they occur in the future.