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Diversification is an increase in the type of goods and Development and diversification of monetary policy
services produced by a particular enterprise or liberalization in the organizational and functional
conglomerate or economy [6]. management system of the innovative economy, which leads
to the development of the national economy and the use of
Diversification is a measure applied to the expansion of
digital technologies and increased competition between
industrial production into a wide range of activities and thus industries.
not to become overly dependent on only one type of product
[7]. Further acceleration of the renewal process on the basis of
modern international standards in the liberalization and
Diversification is the process of ensuring the stability of the
diversification of monetary policy in all areas through the
amount of profit that comes from them through the purchase organization of innovative production fairs.
of securities of different enterprises [8].
Given the crucial role of changes in monetary indicators in
Diversification is the simultaneous development of many
ensuring the stability of the exchange rate, the Central Bank
unrelated production types [9].
should ensure the stability of the national currency and low
Diversification is the diversification of an enterprise from inflation through the active and widespread use of monetary
one sector to another [10]. instruments.
Diversification is the expansion of the range of enterprises, Control over the task of conducting a strict monetary policy
firms, corporations at the expense of industries other than aimed at preventing excessive and unjustified growth of the
the main business, their entry into other industries and the money supply, ensuring the balance of government
market of new goods and services [11]. expenditures and revenues.

“Diversification is the penetration of firms into other Improving government support for research and
industries that are not directly related or functionally related development in higher education and research institutions in
to the core industry. Diversification is associated with the the country (ITTKI) and applied research in the form of
intersectoral concentration of production and the process of orders and grants in the liberalization and diversification of
structural restructuring of the economy. In a broad sense, it foreign exchange policy.
means the expansion of economic activity into new areas, in Taking into account the above recommendations, the main
other words the range of products, types of services and factors for the modernization of the chemical industry in our
expansion into new areas.”
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country, the acceleration of technical and technological
"Diversification of industrial production is a transition from renewal are:
one-way production based on the production of one type of Improving the process of liberalization and diversification of
product to multi-industry production with a wide range of
foreign exchange policy in the implementation of state and
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products."
regional programs developed and implemented by the
American economists S. Fisher, R. Dornbush, R. Schmalenzi government;
define diversification as "a strategy aimed at reducing the Increase the effectiveness of bank loans in the liberalization
level of risk by dividing it into several assets." According to
of foreign exchange policy in the development of foreign
them, the main rule of diversification is "not to keep all the investment climate;
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eggs in one basket." While this definition is somewhat more
general, it fully reflects the economic nature of Development of internal and external infrastructure of the
diversification. country (construction, services, utilities, water, gas,
electricity, transport, tourism, logistics, and others.);
In the context of rapid development of the innovative
economy in the liberalization and diversification of monetary Take into account the role of foreign exchange policy in the
policy in Uzbekistan, as well as the modernization of all radical modernization of the construction industry and the
sectors, the development of technical and strategic expansion of exports and imports of finished products.
objectives, it is expedient to implement the following On the basis of these data, the positive development of the
recommendations.
modernization environment in the country depends on the
Minimization of backwardness in the liberalization of liberalization and diversification of monetary policy.
monetary policy in strategically important areas of monetary
policy on the basis of modern and best international “Modernization is a process of technological renewal of
production aimed at increasing the competitiveness of
practices;
manufactured products (works and services). It is a means of
Development of long-term modernization in the eliminating the technological waste of enterprises and has a
liberalization and diversification of monetary policy, the drastic impact on the efficient use of labor, material and raw
investment climate that promotes the implementation of material resources. The results of modernization, technical
projects on international investment; and technological renewal determine the conditions for the
rapid development of high-tech competitive production [12].
References
9 Bolshoy entsiklopedicheskiy slovar / Gl.red. A.M.Proxorov. - izd.2- [1] Tax Code of the Republic of Uzbekistan (new edition).
e. - SPb .: «Norint», 2001. - p.355 Section I. General rules. Chapter 1 “Basic Rules”.
10 NNSV PSY Lab Server Article 6 Application of international tax treaties of
(http://psylab.unn.ac.ru/library/Dict/findict.gtxt) - economic the Republic of Uzbekistan. 2020 y.
dictionary.
11 Fisher S., Dornbush R., Shmalenzi R. Economy: per. s angl. so 2 - [2] Decree of the President of the Republic of Uzbekistan
go izd. - M.: Delo, 1997. - 351 p. No. PF-4947 of February 7, 2017 "On the Action

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