PROMISING DIRECTIONS FOR THE DEVELOPMENT OF FOREIGN EXCHANGE TRANSACTIONS IN UZBEKISTAN
Keywords:
Export, Import, Currency, Market, Analysis, Economics, Monetary Policy, Monetary PolicyAbstract
Currently, almost all countries use the international division of labor, specialization and cooperation. The growing internationalization of production is forcing businesses, banks, governments and individuals to enter the world market. The principles of operation of an economic entity in the foreign market differ in many respects from the principles of its work in the domestic market. Therefore, when entering the international market, it is necessary to take into account many economic and political conditions. In particular, In the foreign market, the company is faced with many currencies, there is a need to pay its obligations with acceptable means of payment, to assess all types of risks arising from foreign economic activity, as well as to follow the requirements and recommendations of international institutions, conventions and contracts. This article analyzes the current state of foreign exchange transactions in the Republic of Uzbekistan.
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