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
Nashr sanasi2026-06-11
Jild3
Son3
Betlar497-507
TilO‘zbek
DOI10.60078/3060-4842-2026-vol3-iss3-pp497-507

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

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