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

For the purpose of enhancement of the operating procedure for the address in the republic of cash foreign currency and creating favorable conditions for development of external relations:

1. Determine that since April 1, 1998 export of cash foreign currency out of limits of the republic is allowed:

to residents - within the amount equivalent to 2 000 US dollars;

to nonresidents - within the currency delivered to the republic, according to the customs declaration.

Export of cash foreign currency over the specified amounts is allowed with the permission of the Central bank of the Republic of Uzbekistan or authorized banks having the general license for carrying out transactions with foreign currency.

2. Resolve since April 1, 1998 free import to the republic by physical persons - residents and nonresidents of the Republic of Uzbekistan of cash foreign currency with obligatory filling in accordance with the established procedure of customs declarations.

3. Permit the authorized banks of the Republic of Uzbekistan having the general license for carrying out transactions with foreign currency, issue to physical persons the documents confirming their right to export of foreign currency from the republic in case of removal of cash foreign currency from accounts and deposits and also on traveling expenses.

5. To the State Customs Committee of the Republic of Uzbekistan with participation to establish NAC Uzbekiston havo yullari for the nonresidents of the Republic of Uzbekistan following en route through its territory by air, the simplified procedure for execution of customs papers and control of import and export of cash foreign currency according to the customs declaration without requirement of submission of additional documents and references.

6. Cancel action of item 3 of the Presidential decree of the Republic of Uzbekistan of October 24, 1996 of N UP-1601 "About Measures for Streamlining of the Address in the Republic of Cash Foreign Currency".

7. To the State Customs Committee, the Central bank, the Ministry of Finance and the Ministry of Justice of the Republic of Uzbekistan in three-day time to bring the existing departmental regulations and instructions into accord with requirements of this Decree.

8. To impose control of implementation of this Decree on the chairman of the Central bank of the Republic of Uzbekistan Mullazhanov F. M. and chairman of the State Customs Committee of the Republic of Uzbekistan Kamilov U. T.

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