Rules for Carrying Out Currency Operations in the Republic of Uzbekistan

Decision of the Board of the Central Bank of the Republic of Uzbekistan, registered on 31.08.2020, registration number 3281

Date of Entry into Force

01.09.2020

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17.07.2026

23.04.2026

01.04.2025

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[
OKOZ:
1.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.13.00 Currency Operations (also see 07.27.00.00);
2.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.27.00.00 Currency Regulation and Currency Control / 07.27.03.00 Currency Operations (Transactions) / 07.27.03.02 Currency Operations Related to Capital Movement]
[
TSZ:
1.
Finance / Monetary System. Accounting]

Decision of the Board of the Central Bank of the Republic of Uzbekistan

On Approval of the Rules for Carrying Out Currency Operations in the Republic of Uzbekistan

[Registered by the Ministry of Justice of the Republic of Uzbekistan on August 31, 2020, registration number 3281]

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and "On Currency Regulation," the Board of the Central Bank of the Republic of Uzbekistan decides:

The Rules for Carrying Out Currency Operations in the Republic of Uzbekistan are approved in accordance with Appendix 1.
Certain departmental normative legal acts are recognized as having lost their force in accordance with Appendix 2.
This Decision enters into force on September 1, 2020.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

August 29, 2020,

No. 18/5

Appendix 1

to the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated August 29, 2020, No. 18/5

RULES

for Carrying Out Currency Operations

in the Republic of Uzbekistan

See previous edition.

These Rules establish the procedure for carrying out currency operations by residents (hereinafter referred to as residents in the text) and non-residents (hereinafter referred to as non-residents in the text) of the Republic of Uzbekistan in the Republic of Uzbekistan. (amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated January 4, 2023, No. 30/35 (registration number 3281-2, dated 08.02.2023) — , 09.02.2023, No. 10/23/3281-2/0082)

Chapter 1. General Provisions

The following basic concepts are used in these Rules:
[
OKOZ:

07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.27.00.00 Currency Regulation and Currency Control / 07.27.07.00 Currency Accounts]

currency accounts — demand, savings, term, and other deposit accounts opened in foreign currency at banks of the Republic of Uzbekistan; See previous edition.

internal currency market — purchase and sale of foreign currency carried out at the currency exchange, among banks of the Republic of Uzbekistan, and directly by banks with clients; (third paragraph of item 1 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

internal currency operations — operations carried out in foreign currency within the territory of the Republic of Uzbekistan.

The following are included in internal currency operations:

operations related to settlements in duty-free shops, as well as settlements related to the sale of goods and provision of services to passengers on transport vehicles during international transportation;

services provided by intermediaries (representatives) in concluding and performing contracts with non-residents for the delivery of goods, performance of works, provision of services, results of information and intellectual activity, and granting of absolute rights to them, including operations related to the return of monetary sums (other property) to principals (consignors);

operations involving the settlement and transfer of funds in foreign currency arriving from abroad to the account of forwarding companies for the realization of transport and forwarding services based on concluded contracts;

operations for payment and reimbursement of expenses related to business trips of individuals outside the territory of the Republic of Uzbekistan, as well as operations related to the return of unused change issued for business trips; See previous edition.

non-trade money transfers from accounts opened by individuals at banks of the Republic of Uzbekistan to accounts of other individuals opened at banks of the Republic of Uzbekistan; (sixth paragraph of item 2 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

operations between intermediaries (representatives) and principals (consignors) in the provision of services related to the conclusion and performance of contracts that must be performed as a result of clearing of obligations, if the final buyer or seller is a non-resident;

operations related to the use of currency securities as collateral for the performance of obligations, as well as their collection;

operations related to the contribution and return of currency securities to the charter fund (charter capital) of legal entities;

operations related to the provision of banking services;

operations related to charitable activities;

operations related to the receipt of currency securities by inheritance;

operations related to the acceptance of cash foreign currency in cases specified in paragraph 45 of these Rules;

operations for the purchase and sale of foreign currency in the internal currency market;

operations for the transfer of dividends, income, and other legally obtained funds received as a result of investment activities of a non-resident legal entity in the Republic of Uzbekistan to a representative office or permanent establishment established by such non-resident in the Republic of Uzbekistan;

transfers related to the sale and purchase of goods by non-residents at open electronic auctions of commodity and raw material exchanges, including through exchange brokers; See previous edition.

transfers related to the sale and purchase of shares and bonds (excluding bonds of the Central Bank of the Republic of Uzbekistan) by non-residents at organized trading of the securities market, including through exchange brokers and investment intermediaries; (seventeenth paragraph of item 2 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952)

payment of consular fees to diplomatic missions of foreign states;

payment of monetary funds based on court decisions.

Internal currency operations are carried out by residents and non-residents without restrictions in accordance with these Rules.
See previous edition.

The opening of accounts at banks of the Republic of Uzbekistan by residents and non-residents is carried out in the manner established by the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts (registration number 3420, February 8, 2023).
(item 3 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952)
Banks of the Republic of Uzbekistan may open mutual representative accounts in national and foreign currencies based on contracts (agreements, treaties) concluded with foreign banks and use these accounts within the purposes specified in the contract.
Accounts opened at banks of the Republic of Uzbekistan by international financial institutions are used for the purposes specified in contracts concluded between the parties.
Currency funds arriving in the name of resident legal entities must be credited to their accounts at banks of the Republic of Uzbekistan, unless a different procedure is established by decisions of the President of the Republic of Uzbekistan or the Government of the Republic of Uzbekistan, or by international treaties of the Republic of Uzbekistan.
Non-residents credit their legally obtained funds to their accounts in national currency opened at banks of the Republic of Uzbekistan and use them independently in accordance with these Rules.
Residents and non-residents may transfer funds from their accounts at banks of the Republic of Uzbekistan to their own accounts opened at other banks of the Republic of Uzbekistan without restrictions.
See previous edition.
Operations for the sale and purchase of foreign currency by banks are carried out within the limits established for the currency position.
(item 9 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.
The Central Bank of the Republic of Uzbekistan (hereinafter referred to as the Central Bank in the text) and banks carry out currency swap and derivative operations directly with each other, with their clients, and also through the currency exchange based on the model terms and recommendations of the International Swaps and Derivatives Association (ISDA) or based on the internal rules of the exchange for trading at the currency exchange.
(first paragraph of item 10 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Mutual settlements on swaps and derivatives concluded with foreign financial institutions for a period not exceeding 180 days for the purpose of hedging risks related to foreign trade operations are carried out without restrictions through banks of the Republic of Uzbekistan. (item 10 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated February 28, 2025, No. 6/1 (registration number 3281-4, dated 27.03.2025) — , 01.04.2025, No. 10/25/3281-4/0295)

Capital movement operations are carried out in the manner established by the Regulation on the Procedure for Carrying Out Certain Currency Operations Related to Capital Movement (registration number 2536, December 17, 2013).
See previous edition.
Banks must fully comply with legislative acts on combating the legalization of proceeds from criminal activity, financing of terrorism, and financing of the proliferation of weapons of mass destruction in carrying out currency operations.
(item 12 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

Chapter 2. Maintenance of Residents' Foreign Currency Accounts by Banks
(title of Chapter 2 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Funds of resident legal entities, as well as individual entrepreneurs, in foreign currency are kept in currency accounts opened at banks of the Republic of Uzbekistan, and they use these funds independently in accordance with these Rules.
Resident legal entities are allowed to use accounts outside the territory of the Republic of Uzbekistan for the purposes established by decisions of the President of the Republic of Uzbekistan or the Government of the Republic of Uzbekistan, or by international treaties of the Republic of Uzbekistan, which served as the basis for opening these accounts.
See previous edition.

Resident legal entities that have opened accounts in foreign countries submit information on the opening (closing) of accounts and changes in account details, as well as balances and turnovers in these accounts, to the state tax service at the place of state registration and to the bank serving the main account by the 25th of the month following the reporting quarter, in the form provided in the appendix. (second paragraph of item 14 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Foreign currency may be credited to currency accounts of resident legal entities and individual entrepreneurs for internal and international currency operations.

Funds in currency accounts may be used at the request of the account holder:

for internal currency operations; for current international operations; See previous edition.

for capital movement operations in the manner established by legislation.
(fifth paragraph of item 15 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition. (sixth paragraph of item 15 issued based on the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Currency funds arriving in the name of resident individuals are credited to their accounts without restrictions and are used independently.

See previous edition.

Chapter 3. Maintenance of Non-Residents' Foreign Currency Accounts by Banks
(title of Chapter 3 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Foreign currency accounts of diplomatic missions of foreign states accredited in the Republic of Uzbekistan, enjoying immunity and diplomatic privileges, international organizations and their branches, as well as representative offices of other foreign organizations in the Republic of Uzbekistan not engaged in economic or other commercial activities (hereinafter referred to as non-resident representative offices in the text) may be credited with:

consular fees obtained within the territory of the Republic of Uzbekistan;

funds transferred from the non-resident's account abroad who established the representative office;

dividends, income, and other legally obtained funds received by the non-resident who established the representative office as a result of investment activities in the Republic of Uzbekistan;

funds purchased in the internal currency market;

cash foreign currency brought from abroad based on a passenger customs declaration, except in cases where filling out a declaration is not required;

cash foreign currency sent from abroad by mail in the name of the account holder.

Funds in foreign currency accounts of non-resident representative offices may be used at the request of the account holder:

for transfer to the non-resident's account abroad who established the representative office; for making non-trade money transfers abroad; See previous edition.
(item 17, eleventh paragraph, issued based on the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

for sale through banks within the territory of the Republic of Uzbekistan.
(eleventh paragraph of item 17 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Foreign currency accounts of non-resident permanent establishments may be credited with:

funds transferred from the non-resident's account abroad who established the permanent establishment;

dividends, income, and other legally obtained funds received by the non-resident who established the permanent establishment as a result of investment activities in the Republic of Uzbekistan;

funds purchased in the internal currency market;

transfers related to current international operations.

Funds in foreign currency accounts of non-resident permanent establishments may be used at the request of the account holder:

for transfer to the non-resident's account abroad who established the permanent establishment; See previous edition.
(item 18, eighth paragraph, issued based on the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

for sale in the internal currency market;

for current international operations.

See previous edition.

Foreign currency accounts of non-resident legal entities carrying out the purchase (sale) of goods at commodity and raw material exchanges and (or) shares and bonds (excluding bonds of the Central Bank) at organized trading of the securities market may be credited with:
(first paragraph of item 19 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952)

funds transferred from the non-resident legal entity's account abroad participating in these trades;

funds purchased in the internal currency market; See previous edition.

funds received from the sale of goods at commodity and raw material exchanges and (or) shares and bonds (excluding bonds of the Central Bank) at organized trading of the securities market.
(fourth paragraph of item 19 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952) See previous edition.

Funds in foreign currency accounts of non-resident legal entities carrying out the purchase (sale) of goods at commodity and raw material exchanges and (or) shares and bonds (excluding bonds of the Central Bank) at organized trading of the securities market may be used at the request of the account holder:
(fifth paragraph of item 19 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952)

for sale in the internal currency market;
See previous edition.

for the purchase of goods at commodity and raw material exchanges and (or) shares and bonds at organized trading of the securities market; (seventh paragraph of item 19 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952) See previous edition.

for transfer to the non-resident legal entity's accounts abroad participating in commodity and raw material exchanges and (or) organized trading of the securities market.
(eighth paragraph of item 19 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated November 27, 2023, No. 39/6 (registration number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952) See previous edition.

Foreign currency accounts of non-resident legal entities that are participants of crypto-exchanges may be credited with funds transferred from their accounts abroad (in foreign currencies for which official exchange rates against the sum are established by the Central Bank of the Republic of Uzbekistan) and funds received from the sale of crypto-assets on the crypto-exchange.

These funds may be transferred to the crypto-exchange for the purchase of crypto-assets and to their own accounts abroad (in the country where the funds arrived) of such non-resident legal entities.

Funds arriving in the accounts of non-resident legal entities that are participants of crypto-exchanges cannot be used for other purposes.
See previous edition.

Banks, when carrying out operations through these accounts, ensure that these operations are within the framework of the requirements of legislative acts on combating the legalization of proceeds from criminal activity, financing of terrorism, and financing of the proliferation of weapons of mass destruction, having evaluated the existing risks. (fourth paragraph of item 191 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Foreign currency accounts of non-resident individuals may be credited with:

cash foreign currency brought from abroad based on a passenger customs declaration (except in cases where filling out a declaration is not required); See previous edition.

non-trade money transfers;
(third paragraph of item 20 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

funds purchased in the internal currency market;

funds obtained based on documents justifying their legality.

Funds in foreign currency accounts of non-resident individuals may be used at the request of the account holder:
See previous edition.

for non-trade money transfers;
(seventh paragraph of item 20 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

for internal currency operations;
(eighth paragraph of item 20 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

for withdrawal in cash foreign currency;

for transfer to their own accounts opened at foreign banks.

Chapter 4. Carrying Out Operations for the Sale and Purchase of Foreign Currency by Economic Entities in the Internal Currency Market

The following operations are carried out in the internal currency market:

sale and purchase of foreign currency at the currency exchange and among banks of the Republic of Uzbekistan; See previous edition.

sale and purchase by banks of their clients' currency funds based on a contract (offer agreement); (third paragraph of item 20 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

carrying out currency exchange operations by banks with individuals; (fourth paragraph of item 20 amended by the Decision of the Board of the Central Bank of the Republic of Uzbekistan dated March 30, 2026, No. 10/9 (registration number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

purchase and sale of currency funds by banks in interbank trading sessions; (Paragraph 5 of item 20, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

purchase and sale of currency funds by non-residents, including through exchange brokers and investment intermediaries on behalf of non-residents, using funds received from the sale of goods and (or) shares and bonds in organized trading on commodity-raw material exchanges and securities markets (excluding bonds of the Central Bank). (Paragraph 6 of item 21, as amended by Resolution No. 39/6 dated November 27, 2023 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952)

The purchase and sale of foreign currency in the domestic currency market by residents and non-residents is carried out without restrictions for current international transactions, as well as for the purpose of repatriation of direct investments and income of non-residents. See previous edition.

Information on the sale and purchase of foreign currency by banks with each other and with their own clients, including operations carried out through swaps and derivatives, is entered into the Central Bank's "Currency Operations Accounting" information system (FERUZ) (hereinafter referred to as the System in the text). (Paragraph 21 was supplemented with a paragraph based on Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

The purchase and sale of foreign currency by customers served using the Unified Treasury Account of the budget system of the Republic of Uzbekistan in foreign currency is carried out on the basis of the requirements of the Regulation on the procedure for treasury execution of funds of the budgets of the budget system of the Republic of Uzbekistan, approved by Resolution No. 329 of the Cabinet of Ministers of the Republic of Uzbekistan dated May 23, 2020.
Economic entities submit an order to the servicing bank for the purchase or sale of foreign currency. In this case, the form of the order is approved by the bank's management, and it must indicate the following information:

client name;

currency type and amount;

exchange rate for purchase or sale.

Orders submitted for the purchase of foreign currency must additionally indicate the following information:

purpose of purchasing foreign currency;

documents substantiating the currency operation.
See previous edition.

In accordance with Decree No. PF-254 of the President of the Republic of Uzbekistan "On Additional Measures to Improve the Investment Climate in the Capital Market" dated December 18, 2025:

the purchase of foreign currency in the volume necessary for paying income and fulfilling obligations on securities denominated in foreign currency is carried out on the basis of a copy of the document for the issuance of securities registered by the state authority authorized to regulate the securities market;

the purchase of foreign currency in the volume necessary for repatriating funds in foreign currency received from the sale of securities on the stock exchange by foreign investors, as well as dividends, interest (coupons), proceeds from the redemption of bonds or other income received from securities, is carried out on the basis of the relevant application of the foreign investor. (Paragraph 23 was supplemented with paragraphs 8–10 based on Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

Orders submitted by economic entities for the purchase or sale of foreign currency may also be submitted in electronic form to servicing banks through remote service systems.

The responsibility for the accuracy of the information specified in the order lies with the economic entity that submitted the order.

When purchasing foreign currency for servicing foreign currency loans and leases, repatriating profits, dividends and other income of foreign investors, servicing banks have the right to request additional documents confirming the legitimacy of these operations.

The consideration of an order submitted by economic entities for the purchase of foreign currency is carried out by the relevant structural subdivision of the servicing bank (hereinafter referred to as the structural subdivision in the text).
See previous edition.

In this case, if it is found that the order submitted for the purchase of foreign currency is not formalized in accordance with Paragraph 23 of these Rules, the client may make technical corrections to the order.
(Paragraph 23 was supplemented with a paragraph based on Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

Orders submitted for the purchase of foreign currency are considered no later than the next banking day after the day of acceptance by the structural subdivision, and a conclusion is prepared on the results regarding the satisfaction of the order or its justified rejection. (Paragraph 3 of item 24, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

The control of the activities of the structural subdivision and the approval of the conclusion prepared on the results of the consideration of the order are carried out by the relevant deputy chairman of the bank's management.

The relevant deputy chairman of the bank's management who approved the conclusions on the order is responsible for the legality of the conclusions.

According to the agreement of the parties, a one-time main contract or separate contracts for each operation may be formalized for the purchase or sale of foreign currency. In this case, contracts may also be concluded in electronic form through the relevant software tools of servicing banks.
Special accounts in the name of the client are opened by servicing banks for crediting foreign currency purchased in the domestic currency market.
See previous edition.

Foreign currency purchased by the client, as well as foreign currency previously withdrawn from this account, unused or returned for other reasons, is also credited to the special currency account.
(Paragraph 2 of item 26, as amended by Resolution No. 39/6 dated November 27, 2023 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952) See previous edition.

Settlements between the bank and clients on orders for which a conclusion on satisfaction has been approved are carried out without delay from the next banking day.
(Paragraph 1 of item 27, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

If settlements are not completed within the specified time, the agreement is considered cancelled.
(Paragraph 2 of item 27, as amended by Resolution No. 3/4 dated February 25, 2021 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-1, dated 25.03.2021) — National Database of Legislation, 26.03.2021, No. 10/21/3281-1/0237) See previous edition.

Funds credited to special currency accounts must be strictly spent for the purposes specified in the orders.

In this case, the purpose of using funds credited to the special currency account may be changed to carry out another current international currency operation on the basis of an additional order submitted by the client to the bank.
(Paragraph 28, as amended by Resolution No. 20/4 dated July 13, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-6, dated 16.07.2026) — , 17.07.2026, No. 10/26/3281-6/0744) See previous edition.

Currency funds purchased by the bank's client (including unused or returned) must be used or resold to the bank without delay from the banking day following the expiration of seven banking days from the moment of crediting to the client's special currency account.
(Paragraph 1 of item 29, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition. (Paragraph 2 of item 29 was issued based on Resolution No. 39/6 dated November 27, 2023 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952) See previous edition.

The resale of foreign currency is carried out without acceptance on the market rate formed on the basis of demand and supply on the day of sale.
(Paragraph 3 of item 29, as amended by Resolution No. 3/4 dated February 25, 2021 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-1, dated 25.03.2021) — National Database of Legislation, 26.03.2021, No. 10/21/3281-1/0237)

Operations for the purchase and sale of foreign currency in the domestic currency market are carried out at the exchange rate formed on the basis of demand and supply for foreign currency.
The organization and conduct of exchange trading are carried out on the basis of the internal rules of the currency exchange.

Chapter 5. Procedure for Carrying Out Currency Exchange Operations with Individuals

See previous edition.

Currency exchange operations with individuals are carried out by banks without restrictions.
(Paragraph 1 of item 32, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

The sale of foreign currency to non-resident individuals is carried out upon submission of documents confirming that the national currency funds obtained by them in the territory of the republic are from legal sources. In this case, the amount of the operation must not exceed the amount specified in the submitted documents. See previous edition.

Banks use the System when carrying out currency exchange operations with individuals.

For the use of the System, banks submit information to the relevant territorial Main Directorate of the Central Bank, indicating retail cash offices for carrying out currency exchange operations, bank service offices, relevant structural subdivisions of banks, and the location (postal address) of currency exchange branches.

The relevant territorial Main Directorate of the Central Bank registers retail cash offices for carrying out currency exchange operations, bank service offices, relevant structural subdivisions of banks, and currency exchange branches on the basis of information submitted by banks within five banking days and submits the relevant information to the Central Bank for entry into the System.

In this case, information submitted by the territorial Main Directorates of the Central Bank is entered into the System by the Central Bank within five banking days.

The use of the System is not required when currency exchange operations are carried out by individuals through automated bank branches (ATMs).
(Paragraph 33, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

Exchange rates for the purchase and sale of foreign currency are independently established by banks taking into account the demand and supply for foreign currency, and banks may make changes to these rates during the operational day.
(Paragraph 34, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.
All types of currency exchange operations with individuals are carried out in banks.

Banks are not allowed to refuse to carry out currency exchange operations with banknotes suitable for circulation that have signs of damage, nor to refuse to accept unsuitable banknotes for collection.
(Paragraph 35, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

A banknote is considered a legal tender if it has the main characteristics (name of the issuing bank, series and serial number, indication of the currency nominal in numbers and words, main image (picture, portrait) of the front and back sides, anti-counterfeiting elements (watermark, magnetic marks, colored fibers embedded in the paper, including fibers visible under ultraviolet light, confetti (colored paper chips), security threads, microtext, luminescent images, etc.) that meet the requirements established by the issuer-state for the banknote.
Banknotes with the following signs of damage are considered suitable legal tender for circulation:

if they are crushed and dirty to a degree that allows identification of the banknote image (shape) (excluding cases where crushing does not hinder the identification of the authenticity of the banknote and does not block more than 50 percent of one of its main characteristics);

if they have glued tears not exceeding one quarter of the width (length) of the banknote;

if they have glued corners or parts (not exceeding 1 sm²) and the torn-off corners or parts clearly belong to this banknote;

if they have small spots, writings, or stamp marks (excluding stamps confirming the destruction, counterfeiting, or sample nature of the banknote if there are more than two writings or stamp marks), provided that they do not hinder the identification of the authenticity of the banknote and do not block more than 50 percent of one of its main characteristics;

if the banknote has no more than two holes with a diameter not exceeding 1 mm, provided that the holes do not hinder the identification of the authenticity of the banknote and do not block more than 50 percent of one of its main characteristics.

Banknotes with signs of damage exceeding the norms specified in Paragraph 37 of these Rules and having the following signs of damage are considered unsuitable for circulation:

separated into parts, including if glued;

if the original color has changed or faded;

if burned or scorched;

if oil, paint, or ink has been spilled on more than 50 percent of one of its main characteristics indicating it is a legal tender;

if exposed to chemical reagents;

if the image (picture, portrait) is altered to a certain degree due to intentional damage, the nominal value is changed, security threads are removed, or large writings are present;

if the banknotes have clear printing errors (absence or incorrect placement of watermarks or security threads), images are not fully printed or are smudged;

if the geometric dimensions of the banknote have changed by 3 mm or more;

if the banknote image (picture, portrait, shape) is significantly crushed and dirty to a degree that does not allow identification;

banknotes that have significantly lost their stiffness and become soft.

Banknotes withdrawn from circulation after the date announced by the issuer bank of the relevant foreign state and having stamps confirming the destruction, counterfeiting, or sample nature of the banknote are recognized as unfit for payment.

Currency exchange operations are not carried out with banknotes withdrawn from circulation after the date announced by the issuer bank of the relevant foreign state and having stamps confirming the destruction, counterfeiting, or sample nature of the banknote.
See previous edition.

Banks are not allowed to re-circulate banknotes with signs of damage specified in Paragraphs 37 and 38 of these Rules.
(Paragraph 39 was supplemented with a paragraph based on Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

Individuals may sell, purchase foreign currency, and carry out other operations in accordance with legislative acts using the bank's remote service systems. For this, individuals download the remote service system onto a computer device (including tablets, mobile phones, and other devices) and accept the offer related to the terms of its use.
(Paragraph 40, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)
The opening and closing of currency exchange branches, security requirements, as well as the handling of valuables in exchange operations are carried out in the order established by the "Instruction on Organizing Cash Work in Commercial Banks, Collecting Cash and Other Valuables" (registry number 3028, June 29, 2018).
See previous edition.
The following are prohibited for bank employees carrying out currency exchange operations:
(Paragraph 1 of item 42, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

performing currency exchange operations from the outside;

performing currency exchange operations without providing the relevant certificate or providing the relevant certificate without performing the currency exchange operation.
See previous edition.

The form of blanks used for formalizing currency exchange operations, as well as the number of branch employees, is independently determined by banks.

The activities of structural units carrying out currency exchange operations in accordance with the requirements of legislative acts are continuously monitored by the bank.
(Paragraph 43, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

Chapter 6. Procedure for Carrying Out Operations in Cash Foreign Currency in the Territory of the Republic of Uzbekistan
(The title of Chapter 6, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.

US dollars, British pounds, Euros, Swiss francs, Japanese yen, and other foreign currencies at the discretion of banks may be accepted at bank cash desks in the territory of the Republic of Uzbekistan.
(Paragraph 44, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408) See previous edition.
Cash foreign currency may be accepted at bank cash desks in the territory of the Republic of Uzbekistan in the following cases:
(Paragraph 1 of item 45, as amended by Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

for payment of consular fees;

for goods sold at exhibitions and fairs held abroad;

for operations related to payments in duty-free shops, as well as payments for the sale of goods and provision of services to passengers on transport vehicles during international transportation;

for the return of advances received for foreign business trip expenses;

for operations related to the provision of bank services;

for contributing funds to the charter fund (charter capital) of legal entities;

for operations related to charitable activities;

for goods (works, services) to be exported;

for non-resident individuals to settle debtor debts under foreign trade contracts;

cash foreign currency brought from abroad or sent via mail in the name of representative offices of non-residents;

cash foreign currency received from non-residents by national carriers (residents) on the basis of international cargo-waybills under international freight forwarding (cargo transportation) contracts outside the territory of the Republic of Uzbekistan. See previous edition.

In the cases envisaged in paragraphs 6–12 of Paragraph 45 of these Rules, cash foreign currency is accepted by the bank upon submission of one of the following documents by a non-resident individual:
(Paragraph 1 of item 46, as amended by Resolution No. 39/6 dated November 27, 2023 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-3, dated 18.12.2023) — , 21.12.2023, No. 10/23/3281-3/0952)

a passenger customs declaration confirming that the non-resident individual brought cash foreign currency from abroad, based on a relevant power of attorney;

bank certificates confirming the availability of funds received from abroad to accounts opened by the non-resident individual in banks of the Republic of Uzbekistan.
See previous edition.

In the cases envisaged in paragraphs 6–8 of Paragraph 45 of these Rules, cash foreign currency may also be accepted by the bank on the basis of other documents confirming the legal origin of the funds by a non-resident individual.
(Paragraph 46 was supplemented with a paragraph based on Resolution No. 10/9 dated March 30, 2026 of the Board of the Central Bank of the Republic of Uzbekistan (registry number 3281-5, dated 22.04.2026) — , 23.04.2026, No. 10/26/3281-5/0408)

The amount of currency funds accepted at the bank cash desk from non-residents is indicated in the passenger customs declaration and confirmed by a bank stamp. A copy of this passenger customs declaration is attached to the daily document collection.

When cash foreign currency is accepted from resident individuals based on a power of attorney issued by a non-resident, a passenger customs declaration confirming that the funds were brought from abroad by this resident individual must be submitted. See previous edition.

When cash foreign currency is submitted to bank cash desks in an amount for which filling out a passenger customs declaration when bringing it from abroad is not required in accordance with legislative acts, no substantiating document is required. (Paragraph 6 of item 46, as amended by Order No. 16-mh dated July 28, 2021 of the Minister of Justice of the Republic of Uzbekistan (registry number 3313, dated 28.07.2021) — , 28.07.2021, No. 10/21/3313/0724)

See: Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 66 of January 30, 2018 "On Approval of the Rules for Bringing in and Taking out Cash National Currency and Cash Foreign Currency of the Republic of Uzbekistan Across the Customs Border of the Republic of Uzbekistan".

See previous edition.

46-1. Foreign currency cash may be disbursed to clients from their accounts through bank cashiers within the territory of the Republic of Uzbekistan in the following cases:

to individuals — without restrictions within the limits of funds in their accounts;
to legal entities — for operations related to the return of currency funds previously contributed to their charter funds (charter capital) by individuals and for sending employees on business trips outside the territory of the Republic of Uzbekistan;
to representative offices, branches, and permanent establishments of non-residents — for operations related to sending employees on business trips outside the territory of the Republic of Uzbekistan;
to diplomatic missions of foreign states — for other specific purposes indicated in the official letter submitted to banks;
to foreign citizens — in the manner established by legislative acts for the refund of value-added tax in cash.

(P. 46-1 introduced on the basis of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 10/9 of March 30, 2026 (registration No. 3281-5, 22.04.2026) — , 23.04.2026, 10/26/3281-5/0408)

See previous edition.

Chapter 7. Bringing in and Taking Out Cash Currency Funds by Banks Within the Territory of the Republic of Uzbekistan
(The title of Chapter 7 is in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 10/9 of March 30, 2026 (registration No. 3281-5, 22.04.2026) — , 23.04.2026, 10/26/3281-5/0408)

See previous edition.

Bringing in cash currency funds into the territory of the Republic of Uzbekistan by banks is carried out in the manner of notifying the Central Bank of the Republic of Uzbekistan.

Notifications regarding the bringing in of cash currency funds into the territory of the Republic of Uzbekistan must be submitted to the Central Bank by banks within a period of three days.

(P. 47 is in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 10/9 of March 30, 2026 (registration No. 3281-5, 22.04.2026) — , 23.04.2026, 10/26/3281-5/0408)

See previous edition.

47-1. Taking out cash currency funds from the territory of the Republic of Uzbekistan by banks is carried out on the basis of permission from the Central Bank.

(P. 47-1 is in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 10/9 of March 30, 2026 (registration No. 3281-5, 22.04.2026) — , 23.04.2026, 10/26/3281-5/0408)

See previous edition.

To obtain permission from the Central Bank, banks submit an application to the Central Bank indicating the type of currency intended for export from the Republic of Uzbekistan, its amount, the country to which the currency funds are being taken out, the name of the foreign bank, and the purposes for taking out cash currency funds.

(P. 48 is in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 10/9 of March 30, 2026 (registration No. 3281-5, 22.04.2026) — , 23.04.2026, 10/26/3281-5/0408)

See previous edition.

Applications from banks for permission to take out cash currency funds are reviewed by the Central Bank within a period not exceeding three banking days. Based on the review results, permission is granted to banks to take out cash currency funds from the Republic of Uzbekistan.

Refusal to grant permission to banks to take out cash currency funds from the Republic of Uzbekistan is carried out only if the bank's application does not comply with the requirements established in P. 48 of these Rules.

(P. 49 is in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 10/9 of March 30, 2026 (registration No. 3281-5, 22.04.2026) — , 23.04.2026, 10/26/3281-5/0408)

Chapter 8. Final Provisions

See previous edition.

Persons guilty of violating the requirements of these Rules are liable in the manner established by legislative acts.

(P. 50 is in the edition of the Order of the Minister of Justice of the Republic of Uzbekistan No. 16-mh of July 28, 2021 (registration No. 3313, 28.07.2021) — , 28.07.2021, 10/21/3313/0724)

See: Articles 170, 171 of the Code of Administrative Liability of the Republic of Uzbekistan.

Rules for Conducting Currency Operations in the Republic of Uzbekistan

APPENDIX

Information on Bank Accounts Opened by Resident Legal Entities Outside the Territory of the Republic of Uzbekistan and Their Movements

No.

Client Name

Taxpayer Identification Number (TIN)

Name of Foreign Bank

Bank Identification Code (BIC) or CODE (SWIFT)

Country Code Where Foreign Bank is Located

Country Name Where Foreign Bank is Located

Full Address of Foreign Bank

Continuation of the Table

No.

Client Name

Account Opened at Foreign Bank

Currency Code of Account Opened at Foreign Bank

Date Account Opened at Foreign Bank

Document Serving as Basis for Opening Account at Foreign Bank

Date Account Closed at Foreign Bank

Account Status Indicator

Continuation of the Table

No.

Client Name

Balance in Account at Beginning of Reporting Period

Period (Month)

Funds Received to Foreign Bank Account

Foreign Bank Account Fund Transfers

Balance in Account at End of Reporting Period

Amount

Payer's Country

Payment Purpose

Amount

Payee's Country

Payment Purpose

APPENDIX 2 to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 18/5 of August 29, 2020

List of Normative Legal Acts Deemed to Have Lost Their Force

Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Commercial Banks, approved by the Board of the Central Bank of the Republic of Uzbekistan on September 5, 1998, No. 231 (registration No. 510, October 22, 1998).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 231-1 of February 21, 2004 "On Amendments and Additions to the Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Authorized Banks" (registration No. 510-1, March 29, 2004) (Collection of Legislation of the Republic of Uzbekistan, 2004, No. 13, Article 160).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 38/11 of December 26, 2009 "On Amendments and Additions to the Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Authorized Banks" (registration No. 510-2, February 4, 2010) (Collection of Legislation of the Republic of Uzbekistan, 2010, No. 5, Article 47).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 35/3 of November 26, 2011 "On Amendments to the Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Authorized Banks" (registration No. 510-3, December 22, 2011) (Collection of Legislation of the Republic of Uzbekistan, 2011, No. 51, Article 553).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 22/7 of June 30, 2018 "On Amendments and Additions to the Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Authorized Banks" (registration No. 510-4, July 28, 2018) (Collection of Legislation of the Republic of Uzbekistan, 2018, No. 31, Article 648).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 3/7 of February 16, 2019 "On Amendments and Additions to the Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Commercial Banks" (registration No. 510-5, March 25, 2019) (Collection of Legislation of the Republic of Uzbekistan, 2019, No. 13, Article 244).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/6 of July 20, 2019 "On Amendments and Additions to the Procedure for Maintaining Accounts of Non-Residents in the National Currency of the Republic of Uzbekistan by Commercial Banks" (registration No. 510-6, August 23, 2019) (Collection of Legislation of the Republic of Uzbekistan, 2019, No. 34, Article 616).
Procedure for Maintaining Accounts in Foreign Currency by Commercial Banks, approved by the Board of the Central Bank of the Republic of Uzbekistan on September 5, 1998, No. 232 (registration No. 511, October 22, 1998).
Amendment No. 1 to the Procedure for Maintaining Accounts in Foreign Currency at Authorized Banks, approved by the Board of the Central Bank of the Republic of Uzbekistan on February 20, 1999, No. 232-1 (registration No. 511-1, March 1, 1999).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 232-2 of March 1, 2003 "On Amendments to the Procedure for Maintaining Accounts in Foreign Currency by Authorized Banks" (registration No. 511-2, March 27, 2003) (Bulletin of Normative Legal Acts of Ministries, State Committees and Agencies of the Republic of Uzbekistan, 2003, No. 5-6).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 232-3 of July 31, 2003 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Authorized Banks" (registration No. 511-3, August 12, 2003) (Bulletin of Normative Legal Acts of Ministries, State Committees and Agencies of the Republic of Uzbekistan, 2003, No. 15).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 232-4 of February 21, 2004 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Authorized Banks" (registration No. 511-4, March 30, 2004) (Collection of Legislation of the Republic of Uzbekistan, 2004, No. 13, Article 165).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 38/12 of December 26, 2009 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency at Authorized Banks" (registration No. 511-5, February 4, 2010) (Collection of Legislation of the Republic of Uzbekistan, 2010, No. 5, Article 48).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 35/2 of November 26, 2011 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Authorized Banks" (registration No. 511-6, December 22, 2011) (Collection of Legislation of the Republic of Uzbekistan, 2011, No. 51, Article 554).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 22/3 of November 23, 2013 "On Amendments to the Procedure for Maintaining Accounts in Foreign Currency by Authorized Banks" (registration No. 511-7, December 3, 2013) (Collection of Legislation of the Republic of Uzbekistan, 2013, No. 49, Article 638).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 21/7 of August 26, 2017 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Authorized Banks" (registration No. 511-8, September 12, 2017) (Collection of Legislation of the Republic of Uzbekistan, 2017, No. 37, Article 1016).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 31/3 of November 11, 2017 "On Additions to the Procedure for Maintaining Accounts in Foreign Currency by Commercial Banks" (registration No. 511-9, November 23, 2017) (Collection of Legislation of the Republic of Uzbekistan, 2017, No. 47, Article 1174).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/7 of April 28, 2018 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Commercial Banks" (registration No. 511-10, June 4, 2018) (Collection of Legislation of the Republic of Uzbekistan, 2018, No. 23, Article 477).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 22/8 of June 30, 2018 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Commercial Banks" (registration No. 511-11, July 28, 2018) (Collection of Legislation of the Republic of Uzbekistan, 2018, No. 31, Article 649).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 3/6 of February 16, 2019 "On Amendments and Additions to the Procedure for Maintaining Accounts in Foreign Currency by Commercial Banks" (registration No. 511-12, March 25, 2019) (Collection of Legislation of the Republic of Uzbekistan, 2019, No. 13, Article 245).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 15/1 of June 28, 2008 "On Approval of the Regulation on the Procedure for Conducting Currency Swap Operations by Banks of the Republic of Uzbekistan" (registration No. 1839, July 24, 2008) (Collection of Legislation of the Republic of Uzbekistan, 2008, No. 29-30, Article 293).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/1 of May 21, 2011 "On Additions to the Regulation on the Procedure for Conducting Currency Swap Operations by Banks of the Republic of Uzbekistan" (registration No. 1839-1, June 3, 2011) (Collection of Legislation of the Republic of Uzbekistan, 2011, No. 22-23, Article 242).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/6 of April 28, 2018 "On Amendments to the Regulation on the Procedure for Conducting Currency Swap Operations by Banks of the Republic of Uzbekistan" (registration No. 1839-2, June 4, 2018) (Collection of Legislation of the Republic of Uzbekistan, 2018, No. 23, Article 478).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/9 of April 28, 2018 "On Approval of the Regulation on the Procedure for Conducting Currency Exchange Operations with Individuals at Commercial Banks" (registration No. 3029, June 29, 2018) (Collection of Legislation of the Republic of Uzbekistan, 2018, No. 26, Article 532).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 35/3 of November 10, 2018 "On Amendments and Additions to the Regulation on the Procedure for Conducting Currency Exchange Operations with Individuals at Commercial Banks" (registration No. 3029-1, December 11, 2018) (Collection of Legislation of the Republic of Uzbekistan, 2018, No. 50, Article 959).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 16/3 of July 20, 2019 "On Amendments to the Regulation on the Procedure for Conducting Currency Exchange Operations with Individuals at Commercial Banks" (registration No. 3029-2, August 6, 2019) (Collection of Legislation of the Republic of Uzbekistan, 2019, No. 32, Article 566).
Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 21/14 of August 24, 2019 "On Amendments and Additions to the Regulation on the Procedure for Conducting Currency Exchange Operations with Individuals at Commercial Banks" (registration No. 3029-3, October 17, 2019) (Collection of Legislation of the Republic of Uzbekistan, 2019, No. 42, Article 808).

(National Database of Legislative Acts, 31.08.2020, 10/20/3281/1242; 26.03.2021, 10/21/3281-1/0237; , 28.07.2021, 10/21/3313/0724; 09.02.2023, 10/23/3281-2/0082; 21.12.2023, 10/23/3281-3/0952; 01.04.2025, 10/25/3281-4/0295; 23.04.2026, 10/26/3281-5/0408; 17.07.2026, 10/26/3281-6/0744)

Rules for Carrying Out Currency Operations in the Republic of Uzbekistan

Lineage: Amended

Timeline