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Uzbekistan to allow forex cash sales to individuals by 1 October

Uzbekistan will start to sell hard currency cash to individuals by 1 October 2017, Reuters agency reported quoting Prime Minister of Uzbekistan Abdulla Aripov.

Head of the Uzbek Government Abdulla Aripov said on Saturday the government would allow foreign currency sales in cash to individuals by 1 October.

President of Uzbekistan Shavkat Mirziyoyev signed a decree “On priority measures for liberalization of monetary policy” on 2 September 2017.

According to the document, from 5 September, resident-citizens of Uzbekistan are able to sell foreign currency at exchange rates at the market rate and purchase it for conversion cards for use 
abroad without any restrictions.

From 5 September, legal entities of Uzbekistan can purchase foreign currency in commercial banks without restrictions for payment on current international transactions, including import of goods, works and services, repatriation of profits, repayment of loans, payment of travel expenses and other transfers of non-trade nature.
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