BANKING SYSTEM OF THE REPUBLIC OF UZBEKISTAN AND ITS STRUCTURE

Banks of Uzbekistan have gone through a long path of evolutionary development before becoming a powerful system capable of influencing the national economy. He had to overcome a number of difficulties along the way.In 1991, a number of banks began to form. Working in the changing conditions of Uzbekistans economic development, they acquired new aspects while adopting modern work methods. The years 1991-1992 were the years of a real turning point in the views on the activity of banks. The adoption of the Law of the Republic of Uzbekistan "On Banks and Banking Activities" served as the basis for the creation of a two-level banking system and the assignment of new tasks to the Central Bank of the country . The task of forming the system of banks and the payment system was set.Financing of various sectors of the economy should be carried out by specialized commercial banks that will be established and operate on the basis of modern principles and requirements.