The Central Bank of Uzbekistan, officially the Central Bank of the Republic of Uzbekistan (Uzbek: O'zbekiston Respublikasi Markaziy banki / Ўзбекистон Республикаси Марказий Банки), is the country's national bank. The current chairman of the central bank is Mamarizo Nurmuratov.
Central Bank of Uzbekistan Ўзбекистон Республикаси Марказий банки Oʻzbekiston Respublikasi Markaziy banki
The Central Bank of the Republic of Uzbekistan represents a centralized control system. For the performance of assigned tasks it creates the appropriate services and establishments, which work on the basis of rules confirmed by the Board of the Central Bank.
The structure and bodies of management of the Central Bank are determined by the Law “On the Central Bank”. The supreme body of the Central Bank is the Board of the Central Bank. The Board consists of 11 members and is headed by the Chairman who is, at the same time, Chairman of the Central Bank. The Board of the Central Bank is allocated large powers by definition and regulation of the basic directions of monetary policy and development of the banking system.
Cooperation with international financial organizations
There is integration of the Republic of Uzbekistan and its Central Bank in the world community. The Central Bank maintains Mutual cooperation with:
The international cooperation has allowed the bank to begin realization of the received credits on transformation system, maintenance of balance of payments, financing of private business, institutional and rehabilitation loans, and others.
There is a special working group, including an IMF representative, which is in charge of implementing further liberalization of the exchange market. The basic task of the working group is the creation of conditions, and development of a strategy, for maintenance of the convertibility of the Uzbek soum on the current international operations.
The positive results of work with the international financial organizations opens new prospects for the realization of joint projects together with various economic institutes and large banks of the world.
Relations with other national banks
The Central bank of Uzbekistan has been active in developing good relations with other national banks. Besides operational communications, the Central Bank receives support in training the experts and consulting services from the correspondents. There are most fruitful relations with:
After getting independence, Uzbekistan has faced a few difficulties about the realization of macroeconomic reforms to overcome inflationary processes and a decline in manufacturing to create adequate conditions for the financial system.
Functions
"The Central Bank of the Republic of Uzbekistan is the state issuing and reserve bank. The Central Bank is authorized by the Constitution of the Republic of Uzbekistan. The Central Bank cooperates with national and Central Banks of other states on the basis of intergovernmental and interbank agreements. The Central Bank of the Republic of Uzbekistan has 14 regional branches, functioning in regions of the country."
The Central Bank is the depository of the international financial organizations. The Central Bank is accountable to the Supreme Council of the Republic of Uzbekistan and independent of the executive bodies.
The basic functions of the Central bank are development and realization of economic policy of the state in the field of money circulation, crediting, financing, accounting, exchange relations, monetary system management of the Republic of Uzbekistan.
The task of maintenance of money circulation stability and solvency of money in the territory of the republic is performed by the Central Bank by management of money turnover, regulation structure of money supply. The Central Bank issues money to circulation and conducts forecasting of money turnover.
As part of its role in managing the monetary supply of Uzbekistan the National Bank has established a collection of coins from the region over the past two and half thousand years. The collection has been published in four volumes (1997, 2000, 2000, 2001), a total of 400 coins and covers the whole history of Central Asia but with a focus on the Islamic period.[citation needed]
^Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^"Finlit.uz - O'zR MB moliyaviy savodxonlik bo'yicha axborot-ta'lim veb-sayti". O’zbekiston Respublikasi Markaziy bankining moliyaviy savodxonlik bo’yicha axborot-ta’lim veb-sayti (in Uzbek). Retrieved 2022-08-03.
^"Энди "finlit.uz" мобил қурилмангизда!". Ўзбекистон Республикаси Марказий банки (in Uzbek). Retrieved 2022-08-07.
^Pastor, Mr Gonzalo C. (April 22, 2001). "The IMF and the Ruble Area, 1991-93". International Monetary Fund – via Google Books.
central, bank, uzbekistan, this, article, includes, list, general, references, lacks, sufficient, corresponding, inline, citations, please, help, improve, this, article, introducing, more, precise, citations, november, 2011, learn, when, remove, this, template. This article includes a list of general references but it lacks sufficient corresponding inline citations Please help to improve this article by introducing more precise citations November 2011 Learn how and when to remove this template message The Central Bank of Uzbekistan officially the Central Bank of the Republic of Uzbekistan Uzbek O zbekiston Respublikasi Markaziy banki Ўzbekiston Respublikasi Markazij Banki is the country s national bank The current chairman of the central bank is Mamarizo Nurmuratov Central Bank of UzbekistanЎzbekiston Respublikasi Markazij bankiOʻzbekiston Respublikasi Markaziy bankiHeadquartersTashkentEstablished1991Ownership100 state ownership 1 GovernorMamarizo NurmuratovCentral bank ofUzbekistanCurrencyUzbekistani soumUZS ISO 4217 Websitecbu wbr uz Contents 1 Structure 2 Cooperation with international financial organizations 3 Relations with other national banks 4 Exchange policy of the Central Bank 5 Functions 6 Chairmen 7 Numismatic collection 8 See also 9 ReferencesStructure EditThe Central Bank of the Republic of Uzbekistan represents a centralized control system For the performance of assigned tasks it creates the appropriate services and establishments which work on the basis of rules confirmed by the Board of the Central Bank The structure and bodies of management of the Central Bank are determined by the Law On the Central Bank The supreme body of the Central Bank is the Board of the Central Bank The Board consists of 11 members and is headed by the Chairman who is at the same time Chairman of the Central Bank The Board of the Central Bank is allocated large powers by definition and regulation of the basic directions of monetary policy and development of the banking system Cooperation with international financial organizations EditThere is integration of the Republic of Uzbekistan and its Central Bank in the world community The Central Bank maintains Mutual cooperation with International Monetary Fund IMF World Bank European Bank for Reconstruction and Development Asian Development BankThe international cooperation has allowed the bank to begin realization of the received credits on transformation system maintenance of balance of payments financing of private business institutional and rehabilitation loans and others There is a special working group including an IMF representative which is in charge of implementing further liberalization of the exchange market The basic task of the working group is the creation of conditions and development of a strategy for maintenance of the convertibility of the Uzbek soum on the current international operations The positive results of work with the international financial organizations opens new prospects for the realization of joint projects together with various economic institutes and large banks of the world Relations with other national banks EditThe Central bank of Uzbekistan has been active in developing good relations with other national banks Besides operational communications the Central Bank receives support in training the experts and consulting services from the correspondents There are most fruitful relations with Deutsche Bank Deutsche Bundesbank Germany UBS Banks and Credit Suisse Switzerland Bank of England Bank of France Bank of Indiaand other worldwide banks Exchange policy of the Central Bank EditThe main purpose of transition in the transition period from planned economy to market mechanism is stabilization and structural transformation An ultimate goal is the improvement of economic growth full employment price stability and sustainability of the balance of payments After getting independence Uzbekistan has faced a few difficulties about the realization of macroeconomic reforms to overcome inflationary processes and a decline in manufacturing to create adequate conditions for the financial system Functions Edit The Central Bank of the Republic of Uzbekistan is the state issuing and reserve bank The Central Bank is authorized by the Constitution of the Republic of Uzbekistan The Central Bank cooperates with national and Central Banks of other states on the basis of intergovernmental and interbank agreements The Central Bank of the Republic of Uzbekistan has 14 regional branches functioning in regions of the country The Central Bank is the depository of the international financial organizations The Central Bank is accountable to the Supreme Council of the Republic of Uzbekistan and independent of the executive bodies The basic functions of the Central bank are development and realization of economic policy of the state in the field of money circulation crediting financing accounting exchange relations monetary system management of the Republic of Uzbekistan The task of maintenance of money circulation stability and solvency of money in the territory of the republic is performed by the Central Bank by management of money turnover regulation structure of money supply The Central Bank issues money to circulation and conducts forecasting of money turnover In 2020 the bank launched the website Finlit uz an information educational resource to promote financial literacy 2 3 Chairmen EditFauzulla Mulladzhanov 1991 2017 4 Mamarizo Nurmuratov 2017 5 Numismatic collection EditAs part of its role in managing the monetary supply of Uzbekistan the National Bank has established a collection of coins from the region over the past two and half thousand years The collection has been published in four volumes 1997 2000 2000 2001 a total of 400 coins and covers the whole history of Central Asia but with a focus on the Islamic period citation needed See also EditEconomy of Uzbekistan Uzbek soum Banks portalReferences Edit Weidner Jan 2017 The Organisation and Structure of Central Banks PDF Katalog der Deutschen Nationalbibliothek Finlit uz O zR MB moliyaviy savodxonlik bo yicha axborot ta lim veb sayti O zbekiston Respublikasi Markaziy bankining moliyaviy savodxonlik bo yicha axborot ta lim veb sayti in Uzbek Retrieved 2022 08 03 Endi finlit uz mobil kurilmangizda Ўzbekiston Respublikasi Markazij banki in Uzbek Retrieved 2022 08 07 Pastor Mr Gonzalo C April 22 2001 The IMF and the Ruble Area 1991 93 International Monetary Fund via Google Books Group of 30 Resources Official site The Central Bank of the Republic of Uzbekistan in Uzbek and Russian National Bank of Uzbekistan 1997 2000 2000 Catalogue of Antique and Medieval Coins of Central Asia 3 Vols Tashkent National Bank of Uzbekistan 2001 Coins from the Collection of the National Bank of Uzbekistan Anniversary Edition Tashkent Coordinates 41 18 31 N 69 16 28 E 41 30861 N 69 27444 E 41 30861 69 27444 Retrieved from https en wikipedia org w index php title Central Bank of Uzbekistan amp oldid 1123700308, wikipedia, wiki, book, books, library,
