The Central Bank of Uzbekistan has officially opened correspondent accounts in both the national soum and foreign currencies for Raiffeisen Bank International AG (RBI). The national financial regulator announced the development via its official Telegram channel.
A spokesperson for the press service described the move as another vital stride in advancing Uzbekistan’s domestic financial market and successfully embedding it into the broader global financial architecture.
Providing account access to a prominent foreign lender is explicitly designed to accelerate investor engagement within the secondary market for government securities. Authorities expect that the resulting spike in trading volumes will be instrumental...