25 september 2017

Central Asia news

The President of Uzbekistan allowed the population to sell currency in exchange offices freely

03.09.2017 15:21 msk

Ferghana


President of Uzbekistan Shavkat Mirziyoyev issued a decree continuing the reform of the monetary policy of the country and partially allowing free conversion of the national currency, the official President.Uz website informs.

Since 5 September 2017, legal entities of the Republic of Uzbekistan will be able to purchase foreign currency in commercial banks without restrictions for payment on current international transactions (import of goods, works and services, repatriation of profits, repayment of loans, payment of travel expenses and other non-trade transfers).

Individuals-residents of Uzbekistan will have the right to freely sell dollars, euros and Russian roubles in exchange offices. However, as it was supposed earlier, they will be able to purchase foreign currency only with the transfer of purchased funds to bank cards. At the same time, using cards abroad has no any restrictions.

Also, it is prohibited to pay in foreign currency for goods (works and services) on the territory of the Republic of Uzbekistan, except payments through international payment cards by international practice.

The full text of the decree is here (in Russian).

Fergana News Agency