Uzbek Central Bank and RAKBANK Discuss Basel III Standards
Summary
The Central Bank of Uzbekistan met with RAKBANK to discuss banking reforms and financial stability. The conversation focused on monetary policy, inflation targeting, cross-border remittances, and foreign investment. A major topic was the gradual implementation of Basel III standards and stronger banking supervision. The parties also discussed digital banking, Islamic finance, SME support, and future cooperation on credit scoring and innovative banking products.
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