Singapore Backs Uzbekistan in Developing National Fintech Strategy

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The Central Bank of Uzbekistan has signed a memorandum of understanding with the Global Financial Technology Network (GFTN) under the Monetary Authority of Singapore, the regulator’s press service announced.

The agreement outlines joint efforts to develop Uzbekistan’s fintech strategy. It also includes plans to launch joint training programmes, organise hackathons, and host forums.

Singaporean experts will support Uzbekistan in implementing digital platforms for venture financing and advancing green economy initiatives.

Earlier, Kursiv Uzbekistan reported that the Central Bank had kept its key interest rate at 14% per annum.

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