Baku, Azerbaijan, May 7
By Fikret Dolukhanov – Trend:
Finance Ministry of Uzbekistan is planning to resume issuing state securities after a seven-year pause, the press service of the ministry stated May 7.
The funds raised from sale of the state securities are planned to be spent on social and economic development of the country. Specialists are also considering use of state bonds, which are a commonplace in the world practice.
Issuance of state securities in Uzbekistan was paused in 2011. In 1996-2011, the Finance Ministry issued state securities worth about 803 billion soums with average 50 billion soums per year.
In late March 2018, the Central Bank of Uzbekistan published the Concept of Development and Implementation of Monetary and Credit Policy, which provides for resuming issuance of state securities.
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