Regulatory Alerts2018-01-09 | ПФ-5296Added · Updated
On Measures for the Fundamental Improvement of the Activities of the Central Bank of the Republic of Uzbekistan
The decree establishes the strategic goals of price stability, banking system stability, and payment system stability for the Central Bank of Uzbekistan. It mandates the abolition of the Republican Bank Council, the Republican Monetary and Credit Policy Commission, and the Agency for the Development of the Financial Sector, while transferring the Central Bank's shares in commercial banks to the Ministry of Finance. The document also prohibits banks from participating in the charter capital of non-bank entities and requires the Central Bank to implement inflation targeting and modernize its organizational structure and human resources management.
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