Regulatory Alerts1996-03-26 | 203Added · Updated
Interim Procedure for Accounting of Operations with State Short-Term Bonds in Commercial Banks
This document establishes the interim accounting procedures for commercial banks in Uzbekistan regarding operations with state short-term bonds, including brokered transactions and market trades. It mandates specific ledger accounts (such as 22608 for client funds and 10701 for bond assets) and requires daily revaluation of bond portfolios based on market prices, with gains or losses recorded in designated income or expense accounts. Banks must maintain detailed electronic journals for personal accounts and turnover, reconciling positions with the Uzbekistan Republic Currency Exchange (UZEX) and the Ministry of Finance, and the regulation was officially removed from the state registry on August 28, 2019.
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