IMPROVING MONEY SUPPLY REGULATION IN THE DIGITAL ECONOMY

Abstract

Improving the money supply regulation process is a necessary condition for preventing inflation in the country and ensuring the stability of macroeconomic growth. Therefore, the Central Bank of the Republic of Uzbekistan is obliged to control the monetary aggregate M2, and from 2020, a gradual transition to the inflation targeting regime began (1). Currently, the inflation rate and money supply growth in the Republic of Uzbekistan is high. In 2019, the annual inflation rate in the country was 15.2%, while the growth rate of money supply (M2) was 13.8% (2). This highlights the need to improve the money supply regulation process.