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Currency convertibility and circulation PDF Print

Currency conversion

As mentioned earlier, Uzbekistan adopted Article 8 of the International Monetary Fund in October 2003, and liberalized currency convertibility on current account transactions and abolished the practice of multiple exchange rates. Current account transactions are mainly related to foreign trade and to repatriation of dividends. According to the legislation, all legal entities should conduct foreign exchange operations through authorized banks. An enterprise wishing to purchase foreign currency must provide the following documents to its bank:

  • an application form
  • import contract (agreement, treaty) with a foreign partner.

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Last Updated ( Thursday, 17 January 2008 )