News about UPI: events, facts and developments on tafs uz.
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Ten years after the sudden withdrawal of 500 and 1,000 rupee banknotes, experts conclude that 'black money' did not disappear, 99.3% of the withdrawn cash returned to banks, and the volume of cash in circulation has even grown. The only obvious shift is the rise of digital payments, but even its link to demonetisation is disputed.
Otabek YusupovThe Republican Stock Exchange Tashkent is launching the Uzbekistan Prime Index (UPI) family of three indices on November 10, which will replace the previous main indicator UCI. The family is calculated using three methods, data will be transmitted to Bloomberg, and interest has also been shown by Refinitiv (LSEG) and Cbonds. The launch is linked to the Umetryx analytics platform and is intended to create a foundation for investment products, including ETFs.
Otabek Yusupov
