ACTIVITY OF BANKS IN BUKHARA (the end of XIX and first half of XX century)

Amonova Feruza Sa’dullayevna doctor of philosophy in history PhD, Tashkent state pedagogical university named after Nizami, feruza_amonova88@mail.ru https://orcid.org/0000-0001-9236-9857

Abstract

In this article, the banks that operated in Bukhara at the end of the XIX century and the first half of the XX century and their participation in the development of the market economy, the activities of commercial, agricultural, communal banks and other national banks along with state banks, supporting private entrepreneurs and local investors in Bukhara through state banks - the introduction of the support mechanism is written on the basis of a comparative analysis of archival documents and historical literature.

The most important factors that cause the development of trade and commerce are banks and stock exchanges. Banks played an important role in ensuring money circulation in the market economy. Banks are economic institutions that collect, deposit and regulate their movement. One of the main pillars of the economy of any country is the bank, which is a financially sound and stable banking system. Therefore, the level of socio-economic development and future development of an independent country depends primarily on the functioning of the banking system established and regularly improved in this country. As the banking system is one of the most essential public institutions in a market economy, the failure of any bank can lead to negative macroeconomic consequences, such as a reduction in the money supply, disruption of the payment system, and the emergence of large and unexpected government liabilities.