Publication Details
Abstract
This article explores the application, adaptation, and development trends of economic terminology within the banking system in the Uzbek language. In the context of rapid financial globalization, digital transformation, and the expansion of Uzbekistan’s banking sector, the need for precise, standardized, and contextually appropriate economic terminology has become increasingly significant. The study aims to analyze how economic and banking-related terms are introduced, translated, and integrated into the Uzbek language, as well as how these processes influence professional communication, financial literacy, and institutional efficiency. The research examines the historical evolution of economic terminology in Uzbekistan, particularly since independence, highlighting the transition from Soviet-era terminology to a more internationally aligned lexicon. Special attention is given to the influence of English as the dominant language of global finance, which has led to the widespread borrowing and adaptation of terms such as “credit,” “deposit,” “liquidity,” “digital banking,” and “fintech.” The article evaluates different linguistic strategies used in the Uzbek language, including direct borrowing, calquing, semantic expansion, and the creation of neologisms, assessing their effectiveness and consistency. Furthermore, the study investigates the role of regulatory institutions, academic communities, and financial organizations in shaping and standardizing banking terminology. It identifies key challenges such as terminological inconsistency, ambiguity in translation, and the coexistence of multiple variants for the same concept, which can hinder clear communication among professionals and the general public. The impact of digital technologies and innovations, including online banking platforms, mobile applications, and electronic payment systems, is also analyzed as a driving force behind the emergence of new terminology and conceptual frameworks. Methodologically, the research is based on comparative linguistic analysis, content analysis of banking documents, legal acts, and financial publications, as well as a review of existing dictionaries and academic literature. The findings reveal that while significant progress has been made in enriching the Uzbek economic lexicon, further efforts are needed to ensure terminological standardization, clarity, and accessibility. The article concludes by proposing recommendations for improving the development and application of economic terminology in the Uzbek banking system. These include strengthening collaboration between linguists and financial experts, developing unified terminological databases, enhancing translation practices, and promoting the use of clear and consistent terminology in education and professional training. Overall, the study contributes to a deeper understanding of the linguistic and institutional dynamics shaping economic communication in Uzbekistan and underscores the importance of terminology in supporting the modernization and effectiveness of the national banking system.