Decree of the President of the Republic of Uzbekistan

On Measures to Further Simplify the Procedure for Individuals to Bring in and Take Out Cash Foreign Currency

This Decree is based on the Decree of the President of the Republic of Uzbekistan dated August 8, 2020, No. PF-6021 "On Amendments to Certain Documents of the President of the Republic of Uzbekistan, as well as on Recognizing Some of Them as Invalid," and becomes invalid on August 1, 2020.

In order to simplify the procedure for individuals to bring in and take out cash foreign currency through the customs border of the Republic of Uzbekistan:

1. Starting from January 1, 2018:

   • The procedure for mandatory written declaration when individuals bring in cash foreign currency to the Republic of Uzbekistan or take it out from the Republic of Uzbekistan in amounts equal to or less than the equivalent of 2,000 (two thousand) US dollars;
   • The permission by commercial banks to allow individuals to take out cash foreign currency from the Republic of Uzbekistan abroad is abolished.

2. It is established that the taking out of cash foreign currency by individuals from the Republic of Uzbekistan abroad is carried out without any licenses within the limits of an amount equal to or less than the equivalent of 5,000 (five thousand) US dollars.

   Taking out funds exceeding the specified amount:

   • By residents — on the basis of a license from the Central Bank of the Republic of Uzbekistan;
   • By non-residents — on the basis of the passenger customs declaration filled out upon entry into the Republic of Uzbekistan, in which the amount of cash foreign currency is indicated in a quantity not less than the amount of cash foreign currency being taken out.

   For non-residents who are winners or participants in competitions, contests, and olympiads organized in the manner prescribed by the republic, documents confirming the legality of obtaining the cash foreign currency serve as the basis for taking out cash foreign currency exceeding the specified amount.

3. The bringing in of cash foreign currency by individuals to the Republic of Uzbekistan is carried out without restrictions.

4. When bringing in or taking out cash foreign currency by individuals to/from the Republic of Uzbekistan in amounts exceeding the equivalent of 2,000 (two thousand) US dollars, the total amount of cash foreign currency being brought in or taken out is declared in writing.

5. The State Customs Committee of the Republic of Uzbekistan, the Central Bank, the Ministry of Foreign Affairs, and the State Committee for Tourism Development of the Republic of Uzbekistan shall ensure the implementation of comprehensive measures to timely convey the rules of this Decree to the population of the republic and citizens of foreign states.

6. The National Television and Radio Company of Uzbekistan shall ensure wide coverage of the rules of this Decree in mass media.

7. Certain documents of the President of the Republic of Uzbekistan listed in the Appendix are recognized as invalid.

8. The State Customs Committee of the Republic of Uzbekistan, together with the Central Bank of the Republic of Uzbekistan and the Ministry of Justice, shall submit proposals to the Cabinet of Ministers regarding amendments and additions to legislative acts arising from this Decree within one month.

9. Control over the execution of this Decree is entrusted to the Deputy Prime Minister of the Republic of Uzbekistan — Minister of Finance J.A. Kuchkarov, the Chairman of the Central Bank of the Republic of Uzbekistan M.B. Nurmuratov, and the Chairman of the State Customs Committee of the Republic of Uzbekistan M.V. Tokhirov.

President of the Republic of Uzbekistan Sh. MIRZIYOYEV

Tashkent city,
December 6, 2017,
No. PF-5276

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APPENDIX

LIST OF CERTAIN DOCUMENTS OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN RECOGNIZED AS INVALID

1. Decree of the President of the Republic of Uzbekistan dated March 20, 1998, No. PF-1979 "On Measures to Regulate the Bringing In and Taking Out of Cash Foreign Currency by Individuals."

2. Decree of the President of the Republic of Uzbekistan dated June 19, 2001, No. PF-2887 "On Amendments to the Decree of the President of the Republic of Uzbekistan dated March 20, 1997, No. PF-1979 'On Measures to Regulate the Bringing In and Taking Out of Cash Foreign Currency by Individuals.'"

3. Paragraph two of clause 4 of the Decree of the President of the Republic of Uzbekistan dated June 27, 2002, No. PF-3099 "On Additional Measures in Regulating the Circulation of Cash Foreign Currency in the Republic of Uzbekistan."

4. Decree of the President of the Republic of Uzbekistan dated July 28, 2003, No. PF-3284 "On Amendments to the Decree of the President of the Republic of Uzbekistan dated March 20, 1998, No. PF-1979 'On Measures to Regulate the Bringing In and Taking Out of Cash Foreign Currency by Individuals.'"

(National Database of Legislative Acts, December 7, 2017, No. 06/17/5276/0364)