OREANDA-NEWS  On 19 February was announced, that the Central Bank of the Republic of Uzbekistan actively participates in the operations in the open market in order to regulate the money supply volumes, ensure the stability of the interest rates and the liquidity of the financial market.

Last year in order to reduce the negative effect of the growth of the surplus of foreign trade turnover on the money supply the Central Bank took measures to sterilize the excessive liquidity in the monetary market. At the same time the regulatory body actively used the practice of attracting the spare funds of the commercial banks to special deposit accounts and deposit certificates of the Central Bank.

As noted in the paper of the Central Bank "Current situation in monetary-crediting sphere and the key aspects of the monetary policy for 2009" the average monthly volume of the operations conducted in 2008 made up 1,222 billion soums. Moreover, the Central Bank of Uzbekistan actively engaged in the operations of purchase and sale of state medium term treasury bonds and CB bonds in the IPO and secondary markets.