Tashkent, Uzbekistan (UzDaily.com) -- Representatives from the Uzbek Republican Currency Exchange (UZCE), led by CEO Rashid Usmanov, attended the annual general meeting of members of the International Association of Exchanges of the CIS Countries. The event, held in Samarkand, brought together key specialists from the CIS stock market business.

The IAB brings together 20 exchanges from ten CIS countries and serves as a hub for the exchange of knowledge and debate of critical issues concerning the development of financial markets.

UZCE representatives actively engaged in IAB events to address the existing situation and possibilities for future development of IAB member exchanges, the issue.

Representatives from UZCE actively engaged in IAB events to debate the current situation and possibilities for future development of IAB member exchanges, the topic of drafting an IAB Development Strategy, the draft regulations and work plan of the IAB Committee on Digital Financial Instruments, and so on.

During the meetings, the head of the UZCE made proposals for further improving the IAB's work. In addition, during the IAB members' General Meeting, UZCE Deputy Director Aziz Nagayev was unanimously elected to the IAB Council. This decision by the association's members demonstrates acknowledgment of the UZCE's accomplishments and its significant role in the development of the Commonwealth's financial markets.

UZCE involvement in such international events allows it to transfer ideas with other CIS exchanges on how to improve exchange activities, infrastructure, and develop new collaborative initiatives, thereby increasing UZCE's position in the international financial arena.