Ways to increase the level of diversification of commercial bank foreign exchange reserves (on the example of commercial banks of Uzbekistan)

Pardayev , Anvarjon, Пардаев , Анваржон, Pardayev , Anvarjon

Илғор иқтисодиёт ва педагогик технологиялар · 2026-yil

Annotatsiya

This article is dedicated to a comprehensive study of the issues surrounding the diversification of foreign exchange reserves in commercial banks of Uzbekistan. Based on statistical data spanning from 2018 to 2024 and the financial statements of 12 commercial banks, the composition of currency portfolios, risk management mechanisms, and diversification strategies were analyzed. The research findings reveal that 73,4% of foreign exchange reserves in Uzbekistan's commercial banks are concentrated in US dollars, which is 2.5–3 times higher than international standards and significantly increases systemic currency risk. Based on the proposed "5-currency optimal diversification model", it was determined that there is a potential to increase the banks' Sharpe ratio by 96%, reduce maximum losses under stress testing scenarios by 6.3 percentage points, and lower the VaR (Value at Risk) indicator by 4.4 percentage points

Maqola ma’lumotlari
MualliflarPardayev , Anvarjon, Пардаев , Анваржон, Pardayev , Anvarjon
JurnalИлғор иқтисодиёт ва педагогик технологиялар
NashriyotТошкент давлат иқтисодиёт университети ҳузуридаги «Ўзбекистон иқтисодиётини ривожлантиришнинг илмий асослари ва муаммолари» илмий-тадқиқот маркази
ISSN1994-2025
Nashr sanasi2026-06-11
Jild3
Son3
Betlar497-507
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.60078/3060-4842-2026-vol3-iss3-pp497-507
Indeksga qo‘shilgan2026-08-26

DOI: 10.60078/3060-4842-2026-vol3-iss3-pp497-507 · Maqolaning asl sahifasi

Kalit so‘zlar

foreign exchange reserves, diversification, commercial banks, currency risk, portfolio management, Herfindahl-Hirschman Index, Sharpe ratio, валютные резервы, диверсификация, коммерческие банки, валютный риск, управление портфелем, индекс Херфиндаля-Хиршмана, коэффициент Шарпа, valyuta zahiralari, diversifikatsiya, tijorat banklari, valyuta riski, portfel boshqaruvi, Herfindal-Hirshman indeksi, Sharp koeffitsiyenti

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAPardayev , Anvarjon, Пардаев , Анваржон, & Pardayev , Anvarjon (2026). WAYS TO INCREASE THE LEVEL OF DIVERSIFICATION OF COMMERCIAL BANK FOREIGN EXCHANGE RESERVES (ON THE EXAMPLE OF COMMERCIAL BANKS OF UZBEKISTAN). Илғор иқтисодиёт ва педагогик технологиялар, 3(3), 497-507. https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp497-507
GOST (OAK)Pardayev , Anvarjon, Пардаев , Анваржон, Pardayev , Anvarjon WAYS TO INCREASE THE LEVEL OF DIVERSIFICATION OF COMMERCIAL BANK FOREIGN EXCHANGE RESERVES (ON THE EXAMPLE OF COMMERCIAL BANKS OF UZBEKISTAN) // Илғор иқтисодиёт ва педагогик технологиялар. – 2026. – T. 3, № 3. – P. 497-507. – DOI: 10.60078/3060-4842-2026-vol3-iss3-pp497-507.
MLAPardayev , Anvarjon, Пардаев , Анваржон, and Pardayev , Anvarjon. “WAYS TO INCREASE THE LEVEL OF DIVERSIFICATION OF COMMERCIAL BANK FOREIGN EXCHANGE RESERVES (ON THE EXAMPLE OF COMMERCIAL BANKS OF UZBEKISTAN).” Илғор иқтисодиёт ва педагогик технологиялар, 3(3), 497-507, 2026. https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp497-507
ChicagoPardayev , Anvarjon, Пардаев , Анваржон, and Pardayev , Anvarjon. “WAYS TO INCREASE THE LEVEL OF DIVERSIFICATION OF COMMERCIAL BANK FOREIGN EXCHANGE RESERVES (ON THE EXAMPLE OF COMMERCIAL BANKS OF UZBEKISTAN).” Илғор иқтисодиёт ва педагогик технологиялар, 3(3), 497-507 (2026). https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp497-507
HarvardPardayev , Anvarjon, Пардаев , Анваржон, and Pardayev , Anvarjon (2026) ‘WAYS TO INCREASE THE LEVEL OF DIVERSIFICATION OF COMMERCIAL BANK FOREIGN EXCHANGE RESERVES (ON THE EXAMPLE OF COMMERCIAL BANKS OF UZBEKISTAN)’, Илғор иқтисодиёт ва педагогик технологиялар, 3(3), 497-507. https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp497-507
BibTeX
@article{pardayevanvarjon2026,
  title = {WAYS TO INCREASE THE LEVEL OF DIVERSIFICATION OF COMMERCIAL BANK FOREIGN EXCHANGE RESERVES (ON THE EXAMPLE OF COMMERCIAL BANKS OF UZBEKISTAN)},
  author = {Pardayev , Anvarjon and Пардаев , Анваржон and Pardayev , Anvarjon},
  journal = {Илғор иқтисодиёт ва педагогик технологиялар},
  year = {2026},
  volume = {3},
  number = {3},
  pages = {497-507},
  doi = {10.60078/3060-4842-2026-vol3-iss3-pp497-507},
  url = {https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp497-507}
}

Boshqa maqola uchun iqtibos tayyorlash

Илғор иқтисодиёт ва педагогик технологиялар jurnalidan boshqa maqolalar

Илғор иқтисодиёт ва педагогик технологиялар — barcha maqolalar · 2026-yil arxivi

Pardayev , Anvarjon — boshqa maqolalari

Iqtisodiyot sohasidagi boshqa maqolalar

Iqtisodiyot sohasidagi OAK jurnallari