Approved by Board of the Central bank of the Republic of Uzbekistan on September 5, 1998 (the protocol No. 15), No. 232

Procedure for maintaining accounts by commercial banks in foreign currency

I. General provisions

1.1. This Procedure in compliance the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" and "About currency control" determines rules of maintaining on-demand deposit accounts of legal entities and physical persons by commercial banks - residents and nonresidents in foreign currency (further - currency accounts).

Opening of currency accounts is performed according to the procedure, established by the Instruction about the bank accounts opened in banks of the Republic of Uzbekistan (рег. No. 1948 of April 27, 2009).

1.2. Payments from currency accounts are made by authorized banks within balance on accounts. Besides, transactions on currency accounts with use of bank payment cards can be made within the overdraft limits set by commercial banks.

1.4. Interest rates and rates of commission fee for transactions by commercial banks are determined in bank account agreement.

1.5. Commercial banks have the right to levy commission fee on transactions of bank in foreign currency.

1.7. Banks guarantee secret on transactions, accounts and deposits of the clients and correspondents. All bank clerks shall keep secret on transactions, accounts and deposits of bank, his clients and correspondents.

Issue third to persons of data on condition of customer accounts of bank is made according to the procedure, established by the Law of the Republic of Uzbekistan "About bank secrecy".

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