Existing Problems in the Use of Cashless Forms of Payment in Uzbekistan and Ways to Solve Them
Keywords:
commercial bank, cashless settlement, documented letter of credit, check, payment order, liquidity, unbalanced liquidity, payment obligation, bank guarantee
Abstract
Ensuring the efficiency of the use of cashless payments in Uzbekistan is one of the necessary conditions for the development of cashless payments.
Improving the practice of using cashless forms of payment will play an important role in solving the problem of insolvency in the economy, ensuring the continuity of production activities of companies, the development of export-import operations. This, in turn, necessitates the identification of current problems associated with the improvement of the practice of using of payment and the development of ways to solve them.
The article identifies the problems associated with the effectiveness of the use of cashless forms of payment in our country and develops scientific proposals to address them.
References
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9. Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated February 15, 2020 No 3/12 "On approval of the Regulation on cashless settlements in the Republic of Uzbekistan" (registered by the Ministry of Justice of the Republic of Uzbekistan on April 13, 2020 No 3229) // National Database of Legislation, 13.04.2020, No. 10/20/3229/0455, No. 07/20/2020, No. 10/20/3229-1/1259.
10. Payment system. www.cbu.uz (Central Bank of the Republic of Uzbekistan).
11. Payment system. www.cbu.uz (Central Bank of the Republic of Uzbekistan).
2. Usoskin V.M. Sovremennyy kommercheskiy bank: upravlenie i operatsii. - M .: LELAND, 2019 - S.148-149.
3. Socio-economic development of the Republic of Uzbekistan. 2020. (P. 195) // www.stat.uz (State Statistics Committee of the Republic of Uzbekistan).
4. Kosoy A.M. Platejnyy oborot: issledovaniya i rekomendatsii. Monograph. - M .: KNORUS, 2012. - p. 31-32.
5. Prokofev A.V, Tatyannikov V.A., Prokofeva. New instruments beznalichnyx raschetov: spetsialnыe bankovskie scheta // Izvestiya Baykalskogo gosudarstvennogo Universiteta. - Irkutsk, 2017. - №3. - S. 411-418.
6. Alimardonov I.M. Improving the methodological and practical framework for lending to small businesses. I.f.d. diss. avtoref. - Tashkent, 2018 - B.28.
7. www.federalreserve.govsite (U.S. Federal Reserve System) information.
8. Law of the Republic of Uzbekistan. On payments and payment systems // National Database of Legislation, 02.11.2019, No. 03/19/578/3986.
9. Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated February 15, 2020 No 3/12 "On approval of the Regulation on cashless settlements in the Republic of Uzbekistan" (registered by the Ministry of Justice of the Republic of Uzbekistan on April 13, 2020 No 3229) // National Database of Legislation, 13.04.2020, No. 10/20/3229/0455, No. 07/20/2020, No. 10/20/3229-1/1259.
10. Payment system. www.cbu.uz (Central Bank of the Republic of Uzbekistan).
11. Payment system. www.cbu.uz (Central Bank of the Republic of Uzbekistan).
Published
2022-04-01
How to Cite
Bakhtiyarovich, N. I. (2022). Existing Problems in the Use of Cashless Forms of Payment in Uzbekistan and Ways to Solve Them. International Journal on Economics, Finance and Sustainable Development, 4(3), 147-152. https://doi.org/10.31149/ijefsd.v4i3.2909
Section
Articles
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