of November 28, 2008 No. UP-4057
About additional measures for providing guarantees of protection of deposits of citizens in commercial banks of the Republic of Uzbekistan
For the purpose of providing reliable guarantees of protection of deposits of citizens of the Republic of Uzbekistan against possible negative consequences of the global financial crisis, further building confidence of the population in bank system of the country, creation of additional terms for attraction of deposits of the population to commercial banks:
1. Take into consideration that, according to the Law of the Republic of Uzbekistan "About guarantees of protection of deposits of citizens in banks", the money of physical persons placed into deposit accounts of commercial banks is protected by the state and reliable guarantees on payment of compensation for deposits of citizens are legislatively provided.
2. Establish procedure according to which payment of compensation for deposits of citizens on deposit accounts in commercial banks in full irrespective of the sizes of deposits is guaranteed.
3. Determine that payment of all compensation amount for deposits of citizens is performed at the expense of means of commercial bank and Fund of the guaranteeing deposits of citizens created at the expense of fees and assignments of commercial banks according to the legislation.
4. To the Cabinet of Ministers of the Republic of Uzbekistan together with the Central bank and other interested ministries and departments in week time to make in Oliy Majlis of the Republic of Uzbekistan offers on changes and amendments in the Law of the Republic of Uzbekistan "About guarantees of protection of deposits of citizens in banks" and other legal acts following from this Decree.
5. To impose control of execution of this Decree on the Prime Minister of the Republic of Uzbekistan Mirziyoyev Sh. M. and the chairman of the Central bank of the Republic of Uzbekistan Mullazhanov F. M.
President
Republic of Uzbekistan I. Karimov
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