Page 40 - 2022 - annual report

The weighted average interest rates at deposit auctions of the Central Bank in 2022 ranged
from 11.65% to 17.00%, in 2021 the corresponding range was 9.72% - 14.00%.

Weighted average rate at deposit auctions
of the Central Bank for 2021-2022

20%

15%

10%

5%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2021 2022

Debt market

The debt market is one of the main trading platforms for raising capital by commercial
banks, where auctions are held for the placement and circulation of GS with different maturities
- treasury bills and government bonds issued by the Ministry of Finance of the Republic of
Uzbekistan, as well as bonds of the Central bank.
The total volume of trading in GS market at the end of 2022 amounted to 97.84 trillion soums,
having increased by 217.15% or 66.99 trillion soums as compared to the same period last year.
In the structure of the total trading volume, the share of the initial placement of GS was 89.22%
(87.29 trillion soums), secondary trading - 10.23% (10.00 trillion soums) and REPO transactions -
0.55% (0.54 trillion soums).
In addition, during the reporting period, in the structure of GS placement, the share of
treasury bills and bonds issued by the Ministry of Finance amounted to 14.40% (12.57 trillion
soums), Central Bank’s bonds - 85.60% (74.71 trillion soums).

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