BAKU, Azerbaijan, June 10. A memorandum of
cooperation signed between the Central Bank of Uzbekistan and the
National Bank of Slovakia (NBS) on June 5 is expected to create new
opportunities for the exchange of expertise and closer
institutional dialogue between the two central banks, a
representative of the National Bank of Slovakia told Trend.


"The memorandum provides a solid framework for our institutions
to connect. It creates the opportunity to share our technical
expertise and discuss modern central banking practices. This
agreement opens a practical, structured dialogue with the Central
Bank of Uzbekistan," the representative said.


According to the NBS, the agreement lays the basis for future
cooperation in areas related to central banking operations,
financial stability, and regulatory practices.


The Slovak central bank also praised Uzbekistan's recent efforts
to modernize its financial sector and align its regulatory
framework with international standards.


"Uzbekistan has taken clear steps toward financial sector
reform, and we respect their drive to align with international
regulatory standards. The scope of our future dialogue will
naturally evolve based on the technical priorities and capacities
of both sides, but we see this as a constructive starting point for
sharing knowledge," the representative noted.







The NBS highlighted Slovakia's experience transitioning to a
modern market-based financial system as a potential source of
practical expertise for Uzbekistan.


"Because Slovakia successfully navigated its own complex
economic transition, we can offer a highly practical perspective.
We understand the growing pains of modernizing a financial sector,
and we are glad to share our hands-on experience in central banking
operations, financial stability frameworks, and economic analysis,"
the representative added.


The memorandum was signed as part of efforts to deepen
cooperation between the two central banks and facilitate exchanges
of expertise on financial-sector development, monetary policy, and
banking supervision.


Meanwhile, Uzbekistan has been implementing a broad agenda of
banking and financial-sector reforms in recent years, including
strengthening regulation, increasing competition in the banking
sector, promoting digital financial services, and enhancing the
independence and effectiveness of monetary policy institutions.