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All silver produced in Uzbekistan will be sold only through the exchange

Ukraine / Asia / Business and Finance

In order to prevent shortages and excitement on the market of some goods, their purchase and sale will be organized exclusively through exchange trading.

All silver produced in Uzbekistan will be sold only through the exchange

According to the decree of the President of Uzbekistan Shavkat Mirziyoyev, a number of goods in the country will be sold on the domestic market exclusively through exchange trading. This was announced on Thursday by the parliamentary newspaper Narodnoye Slovo.

The resolution was adopted “in order to prevent artificial overstatement of prices for highly liquid and monopoly goods in the domestic market by unscrupulous business entities, create a deficit and rush demand, abolish elements of the distribution system and further intensify exchange trading.”

According to the document, from June 15 of this year, goods produced by monopolists and companies with state participation, in particular, polyvinyl chloride, ethyl alcohol and silver, will be sold exclusively through the exchange. Non-monopoly companies producing cement must sell at least 50% of the product on the stock exchange by the end of the year.

Let us remind you that in March of this year, the Uzbek leader instructed to thoroughly study the problems around highly liquid goods and create a transparent system for their sale through the republican commodity and raw materials exchange.

Earlier it was reported that Uzbekistan intends to bring gold and silver production to 300 tons in 2021. 2.37 trillion soums will be spent on the implementation of the state program for the development and reproduction of the mineral resource base in 2020-2021. The largest producer of non-ferrous and precious metals in Uzbekistan is the Almalyk Mining and Metallurgical Combine (AGMK).

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