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Finance 08/05/2024 A correspondent account for the Central Securities Depository was opened at the Central Bank
A correspondent account for the Central Securities Depository was opened at the Central Bank

Tashkent, Uzbekistan (UzDaily.com) -- In accordance with the Resolution of the President of the Republic of Uzbekistan from 2 September 2023 “On additional measures for the development of the capital market,” Central Securities Depository JSC opened a correspondent account with the Central Bank of Uzbekistan.

By opening a correspondent account with the Central Bank and directly connecting to the interbank payment system, the Central Securities Depository will be able to carry out short-term settlements related to capital market transactions.

This infrastructure will become one of the main factors in actively attracting foreign investors to the capital market by speeding up and ensuring timely settlement of transactions on the capital market.

The possibility of making payments through the Central Bank serves to further develop the capital market, improve its infrastructure, and protect the rights and interests of investors.

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