Regulatory Alerts1997-08-22 | 360Added · Updated
Procedure for the Purchase and Accounting of Commemorative Coins Minted for Anniversary Dates at Commercial Banks
This document established the accounting procedures for commercial banks to purchase and record gold commemorative coins minted for anniversary dates, specifying the required 10 percent deposit and corresponding debit-credit accounting entries in both sum and foreign currency. It defined the specific ledger accounts to be used for deposits, full payments, and balance sheet recognition of the acquired coins. The regulation was based on Articles 40 and 42 of the Law 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. The procedure was officially recognized as having lost its legal force on March 17, 2018.
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