TASHKENT, Uzbekistan, May 6. The Central Bank
of Uzbekistan and Switzerland’s Zürcher Kantonalbank have explored
prospects for expanding cooperation in international reserve
management, foreign exchange and money market operations, gold
trading, and professional training, Trend reports via the Uzbek Central Bank.
The discussions were held between representatives of the two
institutions on the sidelines of the 59th Annual Meeting of the
Asian Development Bank in Samarkand, Uzbekistan.
The parties exchanged views on current trends in reserve
management, including cash flow optimization, investment in new
financial instruments, and the increasing significance of
fixed-income securities.
They also reviewed the status of their ongoing cooperation,
which has been in place since June 2019 and has evolved through
regular institutional engagement and professional dialogue. This
collaboration encompasses money market operations, precious metals
trading, and currency transactions.
Representatives of Zuercher Kantonalbank emphasized the
continued strategic importance of the money market as a primary
area of collaboration. The discussions also covered potential areas
for future cooperation, including gold trading, foreign exchange
operations, and participation in professional training programs
offered by the Swiss bank.
