As of the end of 2019, the total nominal value of securities issued in Uzbekistan amounts to 92.35 trillion soums.

Of these, only 1.5 percent or 1.4 trillion soums are in free circulation, which is less than 0.4 percent of GDP.

For comparison, in Singapore it is 188 percent, in Malaysia – 112 percent, and in Russia – 34 percent.

These figures were announced in the presentation of the project on development of the capital market development strategy for 2020-2025, Kun.uz correspondent reports.

The main goal of the strategy is to bring the share of free circulation securities in GDP to 10% ($6 billion) in five years.

In addition, Uzbekistan plans, in the first quarter of 2025, to be included among the leading countries in the Morgan Stanley Capital International (MSCI) index.

Uzbekistan is expected to join the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (MMoU) in the fourth quarter of 2021.

The draft strategy has been posted for public discussion (in Russian only).