Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 27/4 of November 25, 2021 on Amendments and Additions to the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on December 17, 2021, Registration No. 3028-5

Date of Entry into Force

December 17, 2021

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1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.02.00 Commercial Banks. Private Banks. Foreign Banks]

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1. Finance / Banks and other credit institutions. Credits]

Resolution of the Board of the Central Bank of the Republic of Uzbekistan

On Amendments and Additions to the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables

[Registered by the Ministry of Justice of the Republic of Uzbekistan on December 17, 2021, Registration No. 3028-5]

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Banks and Banking Activity," the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments and additions shall be made to the [Instruction](/docs/3802293?ONDATE=02.07.2018 00#3806233) and Appendix approved by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/21 dated April 28, 2018 (Registration No. 3028, June 29, 2018) (National Database of Legal Acts of the Republic of Uzbekistan, July 2, 2018, No. 10/18/3028/1418-1418).

2. This Resolution enters into force from the date of its official publication.

Chairman M. NURMURATOV

Tashkent city,

November 25, 2021,

No. 27/4

Appendix

to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 25, 2021, No. 27/4

AMENDMENTS AND ADDITIONS

to the Instruction on Organizing Cash Operations in Commercial Banks and Collecting Cash and Other Valuables

1. Clause 15 shall be worded as follows:

"15. If currency exchange operations are carried out along with cash operations in retail operation cash desks organized inside and outside the bank building, the accounting of cash and valuables in them shall be maintained in accordance with the bank's accounting policy."

2. Sub-clause 'd' of Clause 27 shall be worded as follows:

"d) acceptance of deposits into bank deposit accounts from the population in cash based on a cash receipt order in the form prescribed by Appendix 3 to this Instruction;"

3. The words "account for unforeseen circumstances" in the second and third sub-paragraphs of Clause 41, the fifth sub-paragraph of Clause 81, the fourth sub-paragraph of Clause 145, the second sub-paragraph of Clause 146, the second sub-paragraph of Clause 147, the first and second sub-paragraphs of Clause 148, the third sub-paragraph of Clause 166, and the fifth sub-paragraph of Clause 218 shall be replaced with the words "off-balance sheet account."

4. The words "account for unforeseen circumstances" in the first sub-paragraph of Clause 43, the first sub-paragraph of Clause 267, the second sub-paragraph of Clause 291, and the text of [Appendix 29](/docs/3802293?ONDATE=02.07.2018 00#3908656) shall be replaced with the words "off-balance sheet account."

5. The words "unforeseen circumstances" in the second sub-paragraph of Clause 44 shall be replaced with the words "off-balance sheet account."

6. Sub-clause 'v' of Clause 47 shall be worded as follows:

"v) payment of deposits and accrued interest on bank deposit accounts of the population in cash based on a cash payment order in the form prescribed by Appendix 10 to this Instruction;"

7. In [Clause 126](/docs/3802293?ONDATE=02.07.2018 00#3809844):

a third sub-paragraph with the following content shall be added:

"for banknotes of 2,000 sum — one yellow stripe with a width of 15 mm;";

the third to seventh sub-paragraphs shall be considered, respectively, as the fourth to eighth sub-paragraphs;

a sixth sub-paragraph with the following content shall be added:

"for banknotes of 20,000 sum — two red stripes with a width of 15 mm;";

the sixth to eighth sub-paragraphs shall be considered, respectively, as the seventh to ninth sub-paragraphs.

8. In [Clause 132](/docs/3802293?ONDATE=03.07.2019 00#4415474):

the words "1 and 3 sum separately, 5, 10, 25, 50 and 100 sum separately, 200, 500 and 1000 sum separately, 5000, 10000," in the first sub-paragraph shall be replaced with the words "1000 sum separately, 2000 and 5000 sum separately, 10000 and 20000 sum separately,";

a second sub-paragraph with the following content shall be added:

"Banknotes of different years' samples with the same nominal value must be wrapped and bundled separately.";

the second to sixth sub-paragraphs shall be considered, respectively, as the third to seventh sub-paragraphs.

9. In [Clause 150](/docs/3802293?ONDATE=02.07.2018 00#3811495):

a third sub-paragraph with the following content shall be added:

"In cases where an employee of a state body who handed over cash and other valuables for safekeeping loses the receipt of Form 004, or for other reasons, if there is no opportunity to submit it to the bank, in such cases, an order issued by the highest territorial organization (ministry, committee, department, or others) of the respective state body at the republican level may serve as the basis for withdrawing the cash and other valuables handed over for safekeeping from the bank cash desk. This order must indicate the full name (surname, first name, and patronymic) of the employee authorized to receive the valuables handed over for safekeeping from the bank cash desk, as well as a complete and detailed list of the valuables to be received.";

the third and fourth sub-paragraphs shall be considered, respectively, as the fourth and fifth sub-paragraphs;

the words "account for unforeseen circumstances" in the fourth and fifth sub-paragraphs shall be replaced with the words "off-balance sheet account."

10. The third sub-paragraph of Clause 161 shall be worded as follows:

"In cases where cash operations in cash and foreign currency are carried out by the retail operation cash desk of a bank (branch), the accounting of cash and other valuables shall be carried out in accordance with the bank's accounting policy."

11. In [Clause 163](/docs/3802293?ONDATE=22.10.2020 00#5072012):

the second sub-paragraph shall be worded as follows:

"In cases where cash desks are organized in another area (or in another district, city within the area), the excess cash and other valuables balances exceeding the limit in these cash desks at the end of the bank working day, as well as daily cash documents, shall be handed over for safekeeping to the bank branch or collection service located in the area where the cash desk is situated.";

the fourth sub-paragraph shall be worded as follows:

"In cases where cash desk employees organized outside the bank building have a remaining balance of cash and other valuables exceeding the limit at the end of the working day, they shall formalize a cash payment order and reflect it in account 10109 'Cash and other payment documents in transit.' In this regard, the handing over of the remaining cash and other valuables for safekeeping may be carried out directly by members of the collection group, as well as by the bank cashier under the supervision of the security service of the National Guard of the Republic of Uzbekistan, based on a contract concluded between the collection service or banks and the security service of the National Guard of the Republic of Uzbekistan.";

fifth to tenth sub-paragraphs with the following content shall be added:

"When the handing over of the remaining cash and other valuables for safekeeping is carried out through employees of the collection service, the number and date of the power of attorney issued to the collector accepting the collection bag (sack) containing the cash and other valuables, the surnames, first names, and patronymics of the members of the collector group, and the total number of bags (sacks) handed over to them shall be recorded on the back of the formalized cash payment order and signed by the members of the collector group.

When the collection bag (sack) containing cash and other valuables is accepted for safekeeping by the bank (branch) or collection service, the accepting responsible employee formalizes a cash receipt order in two copies for the off-balance sheet account, and one copy is given to the collector group.

In the morning of the next working day, the collection bags (sacks) containing cash and other valuables are handed over to the collector group for delivery to the bank cash desk that handed them over, which is carried out by formalizing a cash payment order for the off-balance sheet account. In this regard, the number and date of the power of attorney issued to the accepting collector, the surnames, first names, and patronymics of the members of the collector group, and the total number of bags (sacks) handed over to them shall be recorded on the back of this document and signed by the members of the collector group.

When the collection bag (sack) containing cash and other valuables is handed over for safekeeping to the bank (branch) or collection service by the bank cashier under the supervision of the collection service or the security service of the National Guard of the Republic of Uzbekistan, the accepting responsible employee formalizes a cash receipt order in two copies for the off-balance sheet account, and one copy is given to the handing-over bank cashier.

In the morning of the next working day, the collection bags (sacks) containing cash and other valuables are given to the bank cashier who handed them over for pickup by the collection service or under the supervision of the security service of the National Guard of the Republic of Uzbekistan for delivery to the bank cash desk that handed them over, which is carried out by formalizing a cash payment order for the off-balance sheet account. In this regard, the surname, first name, and patronymic of the accepting bank cashier, as well as the total number of bags (sacks) being handed over, shall be recorded on the back of this document and signed by the accepting bank cashier.

When the remaining cash and other valuables are handed over by the bank cashier under the supervision of the collection service or the security service of the National Guard of the Republic of Uzbekistan to the bank branch in the respective area for recounting, the handing-over bank cashier fills out a form in accordance with Appendix 8a to this Instruction.".

12. The words ", as well as the delivery of excess cash and other valuables balances exceeding the limit in the cash desk at the end of the day, and daily cash documents to the bank (branch) or to the branch of a commercial bank located in the district (city) where it is situated for safekeeping" shall be deleted from the first sub-paragraph of Clause 170.

13. The words "accounts for unforeseen circumstances" in the sixth sub-paragraph of Clause 190 and the second sub-paragraph of Clause 192 shall be replaced with the words "off-balance sheet accounts."

14. The words "in the account for unforeseen circumstances" in the second sub-paragraph of Clause 209, Clause 230, the third sub-paragraph of Clause 284, and Clause 294 shall be replaced with the words "in the off-balance sheet account."

15. The words "account for unforeseen circumstances" and "to the account for unforeseen circumstances" in the second sub-paragraph of Clause 217 shall be replaced, respectively, with the words "off-balance sheet account" and "to the off-balance sheet account."

16. The words "in the accounts for unforeseen circumstances" in the fifth sub-paragraph of Clause 219 shall be replaced with the words "in the off-balance sheet accounts."

17. The words "in the accounts for unforeseen circumstances" in the second sub-paragraph of Clause 264 shall be replaced with the words "in the off-balance sheet accounts."

18. The words "in the accounts for unforeseen circumstances" in the first sub-paragraph of Clause 265 shall be replaced with the words "in the off-balance sheet accounts."

19. The words "to the account for unforeseen circumstances" in the third sub-paragraph of Clause 290, the second sub-paragraph of Clause 297, the first sub-paragraph of Clause 339, and the first sub-paragraph of Clause 343 shall be replaced with the words "to the off-balance sheet account."

20. In [Clause 292](/docs/3802293?ONDATE=02.07.2018 00#3907652):

the words "account for unforeseen circumstances" in the first sub-paragraph shall be replaced with the words "off-balance sheet account";

the words "to the account for unforeseen circumstances" in the second sub-paragraph shall be replaced with the words "to the off-balance sheet account."

21. The words "from the account for unforeseen circumstances" in [Clause 295](/docs/3802293?ONDATE=02.07.2018 00#3907656) shall be replaced with the words "from the off-balance sheet account."

22. In [Appendix 25](/docs/3802293?ONDATE=02.07.2018 00#3908648):

the second to fourth sub-paragraphs of Clause 3 shall be worded as follows:

"the cell area for banknotes of 1000 (2001 sample), 5000 (2013 sample), 10000 (2017 sample), 50000 (2017 sample), and 100000 (2019 sample) sum constitutes 144 x 78 mm;

the cell area for banknotes of 2000 and 5000 sum of the 2021 sample constitutes 142 x 69 mm;

the cell area for banknotes of 10000 and 20000 sum of the 2021 sample constitutes 147 x 69 mm.";

the words "to the account for unforeseen circumstances" in Clause 12 shall be replaced with the words "to the off-balance sheet account."

23. The words "Accounts for unforeseen circumstances" in the text of [Appendix 28](/docs/3802293?ONDATE=02.07.2018 00#3908654) shall be replaced with the words "Off-balance sheet accounts."

24. The words "Accounts for unforeseen circumstances" in the text of [Appendix 30](/docs/3802293?ONDATE=02.07.2018 00#3908658) shall be replaced with the words "off-balance sheet accounts."

(, December 17, 2021, No. 10/21/3028-5/1172-5)