Uzbek Currency Exchange Lowers Fees on Government Bonds and Currency Swaps
The Uzbek Republican Currency Exchange (UzRVB) has reduced fees and introduced new tariff plans for government securities transactions, according to the platform’s press centre.
From November 1, the exchange lowered the fee for trading Uzbekistan’s central bank bonds on the secondary market from 0.015% to 0.0075% of the transaction value. The exchange also introduced additional reductions for bonds with fewer than 200 days to maturity.
UzRVB has rolled out three new tariff plans for participants in the primary government bond market. The basic plan charges an exchange fee of 0.0012% of the transaction amount. The PRO and MAX plans lower the fee further to 0.0009% and 0.0007%, respectively. Dealers who choose these plans will need to pay between 1.1 and 2.5 times the standard calculation rate.
The exchange has also reduced fees for currency swaps (temporary currency exchanges) from 0.01% to 0.0008% of the transaction value.
UzRVB expects these changes to increase liquidity and draw new participants to the market.