PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of December 6, 2017 No. UP-5276

About measures for further simplification of procedure for import and export of cash foreign currency by physical persons

For the purpose of simplification of procedure for import and export of cash foreign currency by physical persons through customs border of the Republic of Uzbekistan:

1. Cancel since January 1, 2018:

procedure for obligatory declaring in writing physical persons of cash foreign currency when importing to the Republic of Uzbekistan and export from the Republic of Uzbekistan within the amount equal or not exceeding in equivalent of 2 000 (two thousand) US dollars;

issue of the export permit by commercial banks by physical persons of cash foreign currency out of limits of the Republic of Uzbekistan.

2. Determine that export of cash foreign currency by physical persons out of limits of the Republic of Uzbekistan is performed without any permissions within the amount equal or not exceeding in equivalent of 5 000 (five thousand) US dollars.

Export over the determined sum is performed:

residents - based on permission of the Central bank of the Republic of Uzbekistan;

nonresidents - based on the passenger customs declaration completed in case of entry into the Republic of Uzbekistan in which the amount of cash foreign currency is specified at least amount of the exported cash foreign currency.

In case of export of cash foreign currency over the determined sum nonresidents - prize-winners or participants of the competitions, tenders and the Olympic Games organized in the republic in accordance with the established procedure the basis for export of this cash foreign currency by them is the document confirming legality of receipt of cash foreign currency.

3. Import of cash foreign currency by physical persons to the Republic of Uzbekistan is performed without restrictions.

4. When importing and exporting from the Republic of Uzbekistan by physical persons of cash foreign currency over the amount exceeding in equivalent of 2 000 (two thousand) US dollars declare in writing all amount of the imported or exported cash foreign currency.

5. To provide to the State Customs Committee, the Central bank, the Ministry of Foreign Affairs and the State committee on tourism development of the Republic of Uzbekistan realization of package of measures for timely bringing to the population of the republic and citizens of foreign states of provisions of this Decree.

6. To provide to national broadcasting company of Uzbekistan extended coverage in mass media of provisions of this Decree.

7. Recognize invalid some acts of the President of the Republic of Uzbekistan according to appendix.

8. To the State Customs Committee of the Republic of Uzbekistan together with the Central bank and the Ministry of Justice of the Republic of Uzbekistan to make in the Cabinet of Ministers of the Republic of Uzbekistan offers on the changes and amendments in the legislation following from this Decree in a month.

9. To impose control of execution of this Decree on the deputy prime minister of the Republic of Uzbekistan - the Minister of Finance D. A. Kuchkarov, the chairman of the Central bank of the Republic of Uzbekistan M. B. Nurmuratov and the chairman of the State Customs Committee of the Republic of Uzbekistan M. V. Tokhiry.

Appendix

To the presidential decree of the Republic of Uzbekistan of December 6, 2017 No. UP-5276

The list of some acts of the President of the Republic of Uzbekistan recognized invalid

1. The presidential decree of the Republic of Uzbekistan of March 20, 1998 No. UP-1979 "About Measures for Streamlining of Import and Export of Cash Foreign Currency by Physical Persons".

2. The presidential decree of the Republic of Uzbekistan of June 19, 2001 No. UP-2887 "About modification of the Presidential decree of the Republic of Uzbekistan of March 20, 1998 No. UP-1979 "About Measures for Streamlining of Import and Export of Cash Foreign Currency by Physical Persons".

3. Paragraph two of item 4 of the Presidential decree of the Republic of Uzbekistan of June 27, 2002 No. UP-3099 "About Additional Measures for Streamlining of the Address in the Republic of Uzbekistan of Cash Foreign Currency".

4. The presidential decree of the Republic of Uzbekistan of July 28, 2003 No. UP-3284 "About modification of the Presidential decree of the Republic of Uzbekistan of March 20, 1998 No. UP-1979 "About Measures for Streamlining of Import and Export of Cash Foreign Currency by Physical Persons".

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