The Central Bank of Uzbekistan, in cooperation with the Uzbekzargarsanoati Association and commercial banks, held an open dialogue with entrepreneurs in the jewellery industry.
Discussions focused on cooperation between jewellery businesses and banks, the sector’s financial service needs, and proposals to expand sales. Association representatives also highlighted cooperation between businesses and banks throughout the year.
A key topic was the use of modern payment services in e-commerce. Banking specialists explained how businesses can accept payments through international bank cards and integrate these services into their websites.
Participants also discussed proposals to offer jewellery purchases on instalment and the use of fintech solutions to finance such purchases. Central Bank representatives outlined the procedures for setting up such services, while participants identified aspects of the proposed projects for further discussion with specialists.
The meeting also addressed financial matters relating to participation in overseas exhibitions, including the transfer of proceeds from products sold at exhibitions and the processing of international payments. Participants agreed to review the relevant documentation with banking specialists where issues required further examination.
The dialogue concluded with discussions on continued cooperation between the Association, the Central Bank and commercial banks to follow up on the questions and proposals raised by industry representatives. Entrepreneurs were also informed that they could submit further enquiries through the Association.
