The Central Bank and The Currency Exchange Fund signed a memorandum focused on hedging instruments, foreign-exchange risk management and the foundations of a modern derivatives market.
At a 12 March meeting, the Central Bank and TCX reviewed mechanisms for reducing foreign-exchange risk in Uzbekistan’s domestic financial market and options for strengthening the related regulatory and legal framework. The parties formalized the cooperation through a memorandum of understanding.
The programme prioritizes training for specialists at banks and large state-owned enterprises, practical seminars on hedging instruments and continuous knowledge exchange among market participants. A broader derivatives toolkit could improve risk allocation and support the investment appeal of Uzbekistan’s financial market.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.