JSC "Uzbek Republican Currency Exchange" was established on May 12, 1992 in pursuance of the resolution of the Cabinet of Ministers under the President of the Republic of Uzbekistan dated November 22, 1991 No. 297 "On measures to organize free purchase and sale of foreign currency and expand trade for freely convertible currency in the Republic of Uzbekistan», and the order of the Cabinet of Ministers of February 29, 1992 No. 66-f, in order to ensure the protection of the economic interests of the republic, prompt response to the situation in the internal and external foreign exchange markets.
UZCE is the only multifunctional exchange in the republic - the organizer of exchange trading for the purchase and sale of foreign currency, government securities, financial derivatives (derivatives) and other exchange transactions related to them, as well as the interbank money market, credit and deposit auctions of the Central Bank of the Republic of Uzbekistan with commercial banks.
The foreign exchange market is the oldest market (of Exchange) in the Republic of Uzbekistan, where exchange tradings for the purchase and sale of foreign currency, currency swap auctions of the Central Bank, and inter-dealer swap operations are held.
The money market includes the interbank money market, covering the operations of banks to attract and place banks' short-term monetary resources, as well as deposit auctions of the Central Bank.
On the government securities market, placement and circulation of treasury bonds and bonds of the Republic of Uzbekistan, as well as bonds of the Central Bank, is carried out. The market is also represented by direct repo auctions and inter-dealer repo transactions.