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RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of March 5, 2014 No. 51

About measures for the organization of acceptance and bond redemption of the Uzbek republican 12 percent internal premium bonds of 1992

Due to the expiration on July 1, 2014 of circulation period of bonds of the Uzbek republican 12 percent internal premium bonds of 1992 and for the purpose of unconditional execution of obligations assumed by the state, ensuring the guaranteed protection of savings of citizens, building confidence of the population in bank system, and also taking into account the approved parameters of the Government budget of the Republic of Uzbekistan for 2014 the Cabinet of Ministers decides:

1. Accept the offer of the Ministry of Finance and Central bank of the Republic of Uzbekistan on the organization in 2014 of acceptance and repayment of the Uzbek republican 12 percent internal premium bonds of 1992.

Determine that:

acceptance, storage and bond redemption of loan is made by authorized divisions of State and commercial People's Bank of the Republic of Uzbekistan;

indexation and bond redemption of loan is made at the expense of means of the republican budget in the sizes determined by the Cabinet of Ministers of the Republic of Uzbekistan.

2. Determine that:

acceptance of bonds of loan from the population is performed from April 1 to July 1, 2014 in authorized divisions of People's Bank of the Republic of Uzbekistan upon presentation of the passport of the citizen of the Republic of Uzbekistan;

in case of presentation of bonds of loan addressed to the bondholder the account poste restante" with issue of the corresponding confirmation to it is opened ";

payment of money to bondholders of loan will be performed taking into account indexation during the period from August 1 to November 30, 2014;

the bonds of loan which are not shown at the scheduled time are considered invalid and are not subject to acceptance and repayment.

3. Form the Republican commission on questions of acceptance and repayment of the Uzbek republican 12 percent internal premium bonds of 1992 in structure according to appendix No. 1, having assigned to it:

coordination of work of the ministries, departments, authorized divisions of People's Bank, and also operational consideration and the solution of the questions connected with acceptance and bond redemption of loan;

the organization of explanatory work among the population about procedure and conditions of carrying out acceptance and bond redemption of loan;

organization of work on acceptance, inventory count and bond redemption of loan;

introduction following the results of acceptance of bonds of loan of offers into the Cabinet of Ministers of the Republic of Uzbekistan by the amount of their indexation.

4. Approve Regulations on procedure for acceptance and bond redemption of the Uzbek republican 12 percent internal premium bonds of 1992 according to appendix No. 2.

5. To People's Bank of the Republic of Uzbekistan:

till March 10, 2014 - together with the Ministry of Finance of the Republic of Uzbekistan to publish in mass media the joint statement on acceptance from the population of bonds of the Uzbek republican 12 percent internal premium bonds of 1992 and the list of representatives to acceptance of bonds of loan of divisions of bank;

till March 20, 2014 - together with the Ministry of Finance of the Republic of Uzbekistan, GPO "Davlat of Belgisa" and the Central bank of the Republic of Uzbekistan, based on the Ministry of Finance of the Republic of Uzbekistan of the Inventory report provided by the Head control and auditing department to organize in accordance with the established procedure destruction of earlier not realized remaining balance of the bonds of loan which are stored in bank;

provide timely implementation in authorized divisions of bank of necessary organizational actions for preparation for acceptance of bonds of loan, to opening of the corresponding accounts and other measures connected with acceptance and bond redemption of loan.

6. To People's Bank, the Ministry of Finance of the Republic of Uzbekistan together with the Uzbek agency on seal and information, National broadcasting company of Uzbekistan to realize complex of actions for the organization and carrying out among the population of the republic of broad explanatory work on the questions connected with acceptance and bond redemption of loan.

7. Declare invalid the resolution of the Cabinet of Ministers of April 6, 1992 No. 165 "About release and procedure for distribution of the Uzbek republican 12 percent internal premium bonds of 1992".

8. To impose control of execution of this resolution on the Prime Minister of the Republic of Uzbekistan Sh.M.Mirziyoev.

President of the Republic of Uzbekistan

I. Karimov

 

Appendix No. 1

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 5, 2014 No. 51

Structure of the Republican commission on questions of acceptance and repayment of the Uzbek republican 12 percent internal premium bonds of 1992

Azimov R. S.

-

First Deputy Prime Minister, Minister of Finance of the Republic of Uzbekistan, commission chairman

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