of October 24, 1996 No. UP-1601
About measures for streamlining of the address in the republic of cash foreign currency
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.
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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