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21.08.2019

Currency exchanges of Uzbekistan and Russia sign a Memorandum of Cooperation

Currency exchanges of Uzbekistan and Russia sign a Memorandum of Cooperation
The Central Bank of Uzbekistan hosted a workshop on the essence and features of functioning of the currency exchanges of Uzbekistan and Russia.

The event was attended by a delegation of Moscow Exchange led by member of the board – Managing Director for Money and Derivatives Market of Moscow Exchange Igor Marich, managers of Currency Exchange of Uzbekistan and journalists.

A Memorandum of Cooperation was signed between Uzbekistan Currency Exchange and Moscow Exchange. The document will contribute to development of mutually beneficial cooperation aimed at facilitating access for Russian and Uzbek investors to the foreign exchange markets of both countries.

The goal of the memorandum is to exchange information on prospects for development of exchange markets, improvement of trading systems and systems for interaction with clearing, depository and settlement structures, introduction of world best practices of exchange trading and innovative technologies.

Within the framework of cooperation, the currency exchanges of Uzbekistan and Russia plan to organize interstate specialized events to discuss current trends in the currency markets of the two countries.

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Roman Bondarchuk, UzA