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The document ceased to be valid since  April 30, 2021 according to the Presidential decree of the Republic of Uzbekistan of April 30, 2021 No. UP-6218

PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of October 24, 1996 No. UP-1601

About measures for streamlining of the address in the republic of cash foreign currency

(as amended of the Presidential decree RU N UP-1979 of 20.03.98)

In the republic the network of the authorized banks which are quickly performing all types of payments and services in freely convertible currency and providing timely transfer to the Republic of Uzbekistan of the currency means belonging to foreign and domestic legal entities and physical persons is created.

At the same time, as showed checks, severe violations of the legislation on currency control existing in the republic according to which the national currency - "bags" is the single legal means of payment in the territory of the Republic of Uzbekistan take place and implementation of calculations and payments in foreign currency, including in cash form is forbidden. For violation of this procedure responsibility measures are provided, up to criminal.

Delivery cases in considerable amounts and uses in calculations by foreign citizens of cash foreign currency for the purpose of illegal realization in the uncontrollable market and evasion from the taxation of the gained income are allowed that negatively influences trust to national currency.

For the purpose of suppression of similar violations and strict compliance with law of the republic about currency control:

1. - to residents and nonresidents of the Republic of Uzbekistan it is strict to companies and organizations, other legal entities and physical persons to be guided by the procedure established in the republic according to which the single legal means of payment in the territory of the Republic of Uzbekistan is the national currency of "bags", meaning that for violation of the specified procedure responsibility measures are provided, up to criminal.

2. Determine that import and export of cash foreign currency by legal entities are not allowed, bankamiosushchestvlyatsya by representatives only in the presence of preliminary permission of the Central bank of the Republic of Uzbekistan.

3. It is cancelled according to the Presidential decree RU N UP-1979 of 20.03.98.

4. Confidentially

5. Strictly forbid in the territory of the Republic of Uzbekistan the work legal entities and physical persons - residents and nonresidents, including the companies with foreign investments, payments and payments in cash foreign currency in payment of all work types and services, including on salary payment and the payments equated to it.

Determine that the specified payments can be made in cash national currency of the Republic of Uzbekistan, and also by transfer of sum into the corresponding accounts in commercial banks of the republic. For nonresidents payments can be made, along with the specified payment methods, way of the transfer of foreign currency into their currency accounts outside the Republic of Uzbekistan.

Assign to heads of the companies and organizations of all patterns of ownership the personal responsibility for accomplishment of this Item of the Decree. Warn that in case of violation assumption responsibility measures, stipulated by the legislation will be applied to them.

6. To the Ministry of Foreign Affairs and the Ministry of external commercial relations of the Republic of Uzbekistan to carry out work with embassies of foreign states and representative offices of foreign firms, the companies and the international organizations for payment implementation to the employees - residents of the Republic of Uzbekistan for all work types and services in national currency, and also about procedure for import and export of cash foreign currency.

7. To Central Bank, authorized banks of the Republic of Uzbekistan together with Uzbeksavdo association, Uzbekiston Havo Yullar National airlines, Uzbekturizm association and other interested organizations to provide expansion of network of application of plastic settlement cards, to sales of goods by checks and implementation of other forms of clearing settlements for goods and services.

8. To the head customs authority of the State Tax Committee of the Republic of Uzbekistan in two weeks to make in the Cabinet of Ministers offers on opening of additional customs posts in places of crossing of customs border railway, road, aviation and river transport.

9. To the Ministry of Justice of the Republic of Uzbekistan together with the interested ministries and departments in a month in accordance with the established procedure to make offers on reduction of the legislation according to provisions of this Decree.

10. To impose control of implementation of this Decree on the deputy prime minister of the Republic of Uzbekistan Hamidov B. S., the chairman of the board of the Central bank Mullazhanov F. M., Minister of Foreign Affairs Kamilov A. H.

 

President

Republic of Uzbekistan I. Karimov

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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