• KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
09 August 2026

Viewing results 1 - 6 of 243

The Tradition of Power – Why Political Succession in Central Asia Follows Its Own Rules

In January 2027, Kyrgyzstan will hold a presidential election, an event that is anything but routine for the Central Asian republic. Over the past three decades, political crises, often surrounding disputed elections, have repeatedly ended in the removal of presidents. Kyrgyzstan remains an outlier in the region, although it, too, has gradually been moving towards a political model that has long become the norm across the rest of Central Asia. This year marks 35 years since the Soviet republics embarked on independent political lives following the collapse of the USSR. Yet many of the mechanisms governing the transfer of supreme power, shaped during the Soviet era, continue to define politics across the independent states. In Central Asia, three decades of independence have produced a distinctive model of political succession. The final years of the Soviet Union became known as the era of the so-called "gun-carriage race." As one ageing General Secretary after another passed away, an unwritten rule appeared to emerge: the official who chaired the state funeral commission for the deceased leader often became his successor. A remarkably similar pattern later emerged in Central Asia – first in Turkmenistan, then in Uzbekistan. Turkmenistan's first president, Saparmurat Niyazov, died in December 2006. The state funeral commission was chaired by Deputy Prime Minister and Health Minister Gurbanguly Berdimuhamedov, who simultaneously became acting president. It was during those funeral ceremonies that the wider public was introduced for the first time to the family of Turkmenbashi. Under the constitution, parliamentary speaker Ovezgeldy Atayev should have assumed the presidency. Instead, he was stripped of immunity and arrested, clearing the way for Berdimuhamedov to take the acting presidency. After assuming the presidency in 2007, Berdimuhamedov gradually abandoned the more eccentric elements of his predecessor's personality cult while building a political system centered on his own leadership. If Niyazov styled himself Turkmenbashi – Leader of All Turkmens – his successor adopted the title Arkadag, or Protector of the Nation. In February 2022, Berdimuhamedov unexpectedly announced that he would step down following an early presidential election scheduled for March 12. He explained the decision by saying it was time to "give the younger generation an opportunity to govern the country." Few doubted that he was referring to his son Serdar Berdimuhamedov, who by then had already occupied most of the key positions within the state hierarchy. That is precisely what happened. Serdar Berdimuhamedov became president, while his father moved to the chairmanship of the Halk Maslahaty, retaining the title of National Leader of the Turkmen People. Uzbekistan followed a similar pattern, although under different circumstances. Islam Karimov built a highly centralized presidential system that left virtually no room for political competition. This applied not only to political opponents, but also to those closest to the president. His eldest daughter, Gulnara Karimova, was placed under house arrest while her father was still alive. Following his death, she was convicted and remains imprisoned in Uzbekistan. When Karimov died in September 2016, reports of his death circulated for several days...

Uzbekistan Establishes Islamic Finance Council as New Banking Law Takes Effect

The Central Bank of Uzbekistan has established an Islamic Finance Council to coordinate the work of banks, microfinance organizations, the Deposit Guarantee Agency and other institutions operating under Islamic financial principles. The council was created weeks after Uzbekistan’s new Islamic banking law took effect on June 29. It will prepare national standards, issue regulatory and supervisory recommendations, advise financial institutions and represent the Central Bank in its work with international standard-setters. Building an Islamic Finance Framework Islamic finance prohibits interest and generally requires financing to be linked to assets, trade, leasing or risk-sharing. Common structures include murabaha, in which a bank buys and resells an asset at an agreed markup, and ijara, which operates broadly like leasing. Sharia Specialists Form Council Majority The council has five members: four specialists from the Fatwa Center under the Muslim Board of Uzbekistan and one financial-sector expert. Saidjamol Masayitov, a chief specialist at the Fatwa Center, will chair the council. Muhammadyubkhon Khomidov, also a chief specialist at the center, will serve as deputy chairman. The other members are Fatwa Center specialists Hikmatilla Toshtemirov and Abdullatif Tursunov, along with Akhrorjon Sadullayev, managing partner of Orient Audit Group. Sadullayev has more than 20 years of experience in banking, finance and auditing. The council is intended to combine Sharia expertise with financial regulation. It will report annually to the Central Bank’s board. From Legislation to Implementation Uzbekistan has been developing an Islamic finance framework for several years. Legislation adopted in 2022 allowed microfinance organizations to provide services based on Islamic principles, while detailed regulations introduced in 2024 covered instruments including mudaraba, murabaha, musharaka, ijara and salam. The Central Bank is also preparing a national Islamic finance roadmap for 2026-2030 with assistance from the Islamic Financial Services Board. The work covers banking, capital markets, insurance, professional training and the wider legislative framework. Law No. O’RQ-1126, signed on March 27, established a dual banking model. Stand-alone Islamic banks can operate alongside Islamic “windows” within conventional commercial banks. The law also created a special licensing system and defined permitted Islamic financial operations. Uzbekistan had previously planned to introduce its first Islamic finance services through a commercial bank in 2027, with at least three banks expected to offer them by 2030. Licensing Rules Approved The Central Bank has now amended its licensing regulations for Islamic banks and Islamic windows. The changes were registered by the Ministry of Justice on July 17 and took effect upon official publication. Applicants must submit Sharia-compliance policies, information about their institution-level Islamic finance council, evidence of dedicated internal oversight and audit systems, and a three-year business plan. Existing conventional banks will require a separate license to open an Islamic window. Council candidates must receive Central Bank approval and meet education and professional-experience requirements. At least one member must hold a certificate from the Accounting and Auditing Organization for Islamic Financial Institutions, or AAOIFI. Certification will become mandatory for all council members from July 1, 2027. Adopting International Standards The Central Bank joined AAOIFI as a regulatory...

Uzbekistan Bank Data Plan Sparks Privacy and Tax Debate

A draft government resolution that would establish unified rules for information sharing between banks and tax authorities has triggered widespread public debate in Uzbekistan, with supporters describing it as a necessary step to combat the shadow economy while critics warn it could weaken constitutional protections for banking privacy. The proposal, published for public discussion by Uzbekistan’s State Tax Committee, aims to regulate how banks provide information to tax authorities. According to the committee, the document does not introduce new powers for tax officials or abolish bank secrecy. Instead, it seeks to define the procedures, deadlines, formats, and electronic methods for exchanging information already permitted under existing legislation. The proposal attracted significant attention after some media reports suggested it would allow tax authorities to gain broad access to citizens’ bank accounts and deposits. Responding to the growing discussion, the State Tax Committee issued a public explanation, arguing that these interpretations do not accurately reflect the draft’s content. “The draft does not grant tax authorities new powers, does not abolish bank secrecy, and does not provide free access to the bank accounts of citizens or businesses,” the committee said. It stressed that banks would continue to provide information only in cases established by law. The committee pointed to Article 134 of the Tax Code and the Law on Bank Secrecy, which already allow banks to share information related to taxation with state tax authorities under specific legal procedures. It also emphasized that any information received by tax authorities is itself protected as tax secrecy and cannot legally be disclosed or used for purposes other than tax administration. Officials further argued that similar information-sharing mechanisms exist in many countries, including members of the Organisation for Economic Co-operation and Development (OECD). Uzbekistan has also joined the Global Forum on Transparency and Exchange of Information for Tax Purposes, requiring the country to develop clear and transparent rules in this area. Despite these assurances, the proposal quickly became one of the country’s most discussed regulatory initiatives. One of the most controversial provisions concerns peer-to-peer (P2P) transfers. Under the draft, banks would report cases where an individual’s bank card or electronic wallet receives transfers totaling at least 500 times the base calculation amount during a calendar month from people other than close relatives. The measure is intended to identify cases where personal bank cards are allegedly being used for unregistered commercial activity. Economist Otabek Bakirov criticized the proposal, arguing that it contradicts constitutional guarantees protecting banking secrecy. Referring to Article 41 of Uzbekistan’s Constitution, he noted that the confidentiality of bank operations, deposits, and accounts is guaranteed by law. Bakirov also recalled that previous attempts to introduce similar monitoring of P2P transactions had been abandoned following constitutional reforms. “I hope this attempt will also fail,” he wrote, calling on parliament, the Central Bank, the Ministry of Justice, the Ministry of Economy and Finance, journalists, and the public not to remain silent during the discussion. Public comments submitted during the consultation have echoed many of these concerns. According...

Chongara and Tash-Tobo: The Villages That Changed Countries Without Moving

About 2,500 people in Chongara and Tash-Tobo now live under Kyrgyz jurisdiction. The transfer reduces the number of Uzbek enclaves in Kyrgyzstan and clears the way for a much shorter road across the Batken Region. For Umitbek, the change first appeared online. Chongara, his home village, passed from Uzbekistan’s Ferghana Region into Kyrgyzstan when the legal border moved. “We are welcoming the decision with joy,” Umitbek told Azattyk. “Ninety-nine percent of our village is Kyrgyz.” Umitbek already holds a Kyrgyz passport, while many neighbors have Uzbek documents. Some households include citizens of both countries. The village has Kyrgyz and Uzbek schools, and families have chosen between them. Kyrgyz presidential spokesman Askat Alagozov announced the transfer on June 23. “Now registration procedures will be conducted in these villages, after which their residents will be granted Kyrgyz citizenship,” Alagozov said. He did not give a timetable for the process. Kyrgyzstan transferred plots of equal area to Uzbekistan as part of the settlement. Public announcement did not identify those plots or state their total size. The two governments also conducted a separate exchange involving 236 hectares. That land will support a road between the villages of Sai and Tayan, and shorten the journey between Aidarken and Batken from 225 kilometers to 55, or about 76% of the present route. Officials have yet to publish a construction date or budget. A Century Inside Another Republic Chongara and Tash-Tobo were Uzbek exclaves, pieces of Uzbekistan completely surrounded by Kyrgyz territory. Their unusual status grew from Soviet boundary decisions made a century ago. Chongara’s administrative link to the Uzbek Republic dates to territorial decisions around Sokh in 1925. Tash-Tobo was also assigned to the Uzbek Soviet Socialist Republic that year. A parity commission confirmed its enclave status in 1955. These lines served as internal administrative boundaries during the Soviet period. Villages that had shared roads, water systems and family links found themselves divided by customs posts and citizenship rules. Uzbekistan previously had four exclaves inside Kyrgyzstan: Sokh, Shakhimardan, Chongara, and Tash-Tobo. Following the latest transfer, only Sokh and Shakhimardan remain under Uzbek jurisdiction. Sokh is the largest and most complicated. It lies within Kyrgyzstan, but has a largely ethnic Tajik population. Roads around the enclave have long shaped travel through the western Batken Region. A Settlement Built Over Two Decades Kyrgyzstan and Uzbekistan began formal border negotiations in 2000. Progress remained slow while relations between the two governments were strained. The process accelerated after Shavkat Mirziyoyev became Uzbekistan’s president in 2016. A 2017 agreement settled about 1,170 kilometers of the roughly 1,378-kilometer frontier. The remaining sections involved land, roads, and water infrastructure. The two foreign ministers signed a further border treaty in Bishkek on November 3, 2022, which covered sections left outside the 2017 settlement. On January 27, 2023, Mirziyoyev and Kyrgyz President Sadyr Japarov exchanged ratification instruments during a state visit to Bishkek. The legal delimitation fixed the agreed line on maps. Physical demarcation then placed that line on the ground. The 2022 package also...

Uzbekistan Cancer Care Reforms to be Launched in 2027

Uzbekistan plans to overhaul cancer care from 2027, with reforms aimed at detecting tumors earlier and expanding palliative support for patients outside the country’s main medical centers. The National Cancer Control Program, developed with the participation of the World Health Organization and international experts, aims to bring oncology services closer to international standards while improving access to care in the regions. The proposals point to one of the central weaknesses in cancer care across much of the region: patients are often diagnosed late and forced to travel to major cities for specialist treatment. Two key metrics for the plan are firstly to increase targeted screening coverage for common cancers is to 60%, while the five-year survival rate among cancer patients is expected to increase from the current 35% to at least 45%. To achieve these goals, primary healthcare workers will receive additional training to identify early signs of cancer and ensure timely referrals to specialized medical institutions. That would put family doctors and local clinics at the center of the reform, rather than leaving patients to navigate the system only after symptoms have become harder to treat. The focus on primary care also fits a wider shift in Uzbekistan’s health policy. There is already a major effort to move more treatment and prevention work out of hospitals and into local clinics, with early intervention presented as a way to reduce pressure on specialist facilities. Officials also plan to establish rapid diagnostic pathways to shorten the time between initial examinations and confirmed diagnoses. Radiation therapy services will be also be modernized, with aging cobalt therapy equipment gradually replaced with modern linear accelerators. The equipment upgrades follow other recent moves to expand Uzbekistan’s specialist cancer infrastructure. TCA reported earlier this year that a Nuclear Medicine Center under construction in Tashkent is expected to be equipped with PET/CT scanners, a cyclotron, a radiopharmaceutical laboratory, and Gamma Knife and CyberKnife systems. A significant part of the reform package concerns palliative and hospice care. Beginning September 1, 2026, Uzbekistan plans to establish a unified nationwide system by integrating medical and social services. Mobile palliative care teams providing home-based medical and social services will be created, with every region of the country getting its own hospice institutions. A children’s palliative care center for patients with severe and incurable illnesses is also planned in the Samarkand region. The palliative-care proposals address one of the more visible gaps in Uzbekistan’s cancer system. Uzbekistan’s first children’s oncology hospice opened in Tashkent in August 2022, while plans for an adult hospice in the capital had been delayed for years. Authorities expect palliative and hospice care coverage to reach at least 80% by 2030. Patients requiring home care will receive specialized equipment, including functional beds and mattresses, through a voucher system. Family members will also be able to access a new “Family Support” service. The proposals additionally include social support measures for employees of state healthcare institutions. These include partial compensation of university tuition fees for the children of medical workers with...

Kyrgyzstan Opens New Border Post Near Uzbekistan in Batken Region

A new border post has opened in Kyrgyzstan’s Batken region near the border with Uzbekistan, as authorities continue efforts to improve security infrastructure in sensitive frontier areas, according to 24.kg news agency. The opening ceremony for the Sogment border post took place in the village of Sogment in Batken district. The facility is part of the Charbak border outpost under the Batken regional department of Kyrgyzstan’s State Border Service. The presidential representative’s office in Batken region said the ceremony was attended online by Abdikarim Alimbaev, chairman of Kyrgyzstan’s State Border Service, while local officials, border guards, and regional authorities gathered at the site. Among those present was Mamyrzhan Rakhimov, the presidential representative in Batken region. Officials congratulated border guards on Border Guards’ Day, which is marked in Kyrgyzstan on May 28, and described the opening of the new facility as an important step toward improving national security and maintaining stability in border areas. According to local authorities, the post includes modern barracks and other facilities designed to support border personnel stationed in the area. Border guards assigned to the sector are responsible for monitoring more than 12 kilometers of the Kyrgyzstan-Uzbekistan state border. The report noted that several additional border facilities were also inaugurated across Kyrgyzstan on the same day. The opening comes amid broader efforts by Central Asian states to improve border cooperation following years of tensions and unresolved territorial disputes in the region. On March 31, 2025, the presidents of Kyrgyzstan, Tajikistan, and Uzbekistan signed a landmark agreement defining the junction point of the three countries’ borders during a summit in Khujand, Tajikistan. The agreement was signed by Sadyr Japarov, Emomali Rahmon, and Shavkat Mirziyoyev. In May this year, Japarov also visited the newly established Dostuk, or Friendship, Stele in Batken region near the tri-border area. The monument symbolizes the settlement of long-standing border issues and a new phase of regional cooperation among the three neighboring states. During that visit, Kyrgyz authorities also presented plans for the proposed Dostuk International Trade and Economic Park, a cross-border development project intended to strengthen trade, logistics, and investment ties in the region.