Otabek Barakayev, Head of the Accounting and Audit Methodology Department of the Ministry of Economy and Finance of the Republic of Uzbekistan, and Sarvarbek Kurbanbayev, Chief Specialist of the Department, held a meeting with Anthony Barrett, Director of Audit Quality Control of the Financial Reporting Council (FRC) in London, Great Britain.
The Center for Economic Research and Reforms (CERR) calculated the "Bank Activity Index" for the 3Q 2023, on the basis of which the rating of banks was updated. The index is calculated for 29 commercial banks grouped into two groups: large (17) and small (12) banks.
n 17 October, a malfunction occurred in the HUMO banking card system.
The exchange rate of the Uzbek soum against the US dollar continues to decrease in the light of increasing geopolitical tensions and slowing inflation in developed countries. On 16 October 2023, the exchange rate reached 12,217.85 soums per 1 US dollar and is approaching a historical low.
At the beginning of October, the editorial staff of Uzdaily.uz visited a press tour organized by TBC Bank Uzbekistan and Payme. In just a few days, UzDaily staff were able to immerse themselves in the cultural and banking heritage of Georgia, get acquainted with the cutting-edge innovations presented in the spacious and impressive TBC Concept office, and also learn about the further development of the Payme payment system in Uzbekistan.
As of 1 October 2023, Uzbekistan’s gold and foreign exchange reserves decreased by more than US$1.6 billion, according to the report of the Central Bank of Uzbekistan.
The National Agency for Advanced Projects, within the framework of fulfilling the tasks and functions of monitoring the insurance market, applied penalties to 8 insurance organizations.
An international Risk Assessment Center for the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism will appear in the Commonwealth of Independent States.
A memorandum of understanding was signed between the Central Bank of the Republic of Uzbekistan and Check Point Software Technologies Ltd.