Procedure for the Purchase and Accounting of Commemorative Coins Minted for Anniversary Dates at Commercial Banks

Central Bank of the Republic of Uzbekistan Procedure, registered on 11.11.1998, registration number 527

Date of Entry into Force

11.11.1998

All

17.03.2018

11.11.1998

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Document Lost Force 17.03.2018

[
OKOZ:
1.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.03.00.00 Monetary System and Money Circulation. Inflation / 07.03.02.00 Cash Emission, Organization and Regulation of Money Circulation. Inflation;
2.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.08.00 Banks' Operations with Securities]
[
TSZ:
1.
Finance / Banks and other credit institutions. Credits]

"APPROVED"
Board of Directors of the Central Bank of the Republic of Uzbekistan August 22, 1997, No. 360 Resolution No. 27/13

PROCEDURE
FOR THE PURCHASE AND ACCOUNTING OF COINS MINTED FOR ANNIVERSARY DATES AT COMMERCIAL BANKS

[Registered by the Ministry of Justice of the Republic of Uzbekistan on November 11, 1998, under No. 527]

This Procedure has lost its force on the basis of the Decision of the Board of Directors of the Central Bank of the Republic of Uzbekistan dated March 9, 2018, No. 8/2 "On Recognizing as Lost Force the Procedure for the Purchase and Accounting of Coins Minted for Anniversary Dates at Commercial Banks" (registration number 527-1, 16.03.2018).

1. This Procedure establishes the procedure for maintaining accounting of minted gold coins at commercial banks, based on Articles 40 and 42 of the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", Article 4 of the Law "On Banks and Banking Activity", and Article 7 of the Law "On Currency Regulation".

2. Commercial banks shall carry out the following accounting entries when purchasing coins by transferring a 10 percent deposit to the account of the Central Bank of the Republic of Uzbekistan.

a) if the deposit is paid in cash in foreign currency,

Debit — 19909 Other debtor account numbers

Credit — 10101 Cash in Cashier

b) if the deposit is made by transfer,

Debit — 19909 Other debtor account numbers

Credit — 10501 Representative account numbers in other banks — Nostro

3. Upon full transfer of the remaining value of the coins,

a) if the full value of the gold coins is paid in cash in foreign currency,

Debit — 19909 Other debtor account numbers

Credit — 10101 Cash in Cashier

b) if the full value of the gold coins is made by transfer,

Debit — 19909 Other debtor account numbers

Credit — 10501 Representative account numbers in other banks — Nostro

4. When recording the purchased coins on the balance sheet, the following accounting entries are made.

in sum

Debit — 10909 Valuable Coins

Credit — 17101 Currency trading under "Spot" conditions

in currency

Debit — 17101 Currency trading under "Spot" conditions

Credit — 19909 Other debtor account numbers

5. Legal and physical persons who have their own accounts at commercial banks may purchase coins, and the following accounting entries are made.

Debit — 20200 Demand Deposits

Credit — 10501 Representative account numbers in other banks — Nostro

Deputy Chairman of the Central Bank of the Republic of Uzbekistan M. JUMAGALDIEV