COMPLIANCE OF THE IMPROVEMENT OF CURRENCY PROMOTION IN THE FINANCIAL CONTROL OF THE REPUBLIC OF UZBEKISTAN AND PREVENTION OF THE SHADOW ECONOMY

Аннотация

This article explores the relationship between currency promotion improvements, financial control mechanisms, and the prevention of the shadow economy in the Republic of Uzbekistan. It highlights the recent liberalization of currency regulations and the challenges posed by the shadow economy, which accounts for a significant portion of the country's GDP. The study examines the reforms in currency exchange policies, the strengthening of anti-money laundering measures, and the role of financial technology in increasing transparency. Furthermore, it emphasizes the need for stricter compliance, public awareness campaigns, and simplified tax regulations to reduce informality and enhance economic stability. The article concludes that a balanced approach combining liberalization, enhanced oversight, and digitalization is essential for sustainable economic growth and shadow economy reduction in Uzbekistan.