PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of April 20, 1994 No. UP-837

About measures for ensuring currency exchange control for export-import transactions

For the purpose of streamlining of transactions in foreign currencies, establishments of efficient control of receipt of currency earnings from export and its target use when implementing commodity import and services:

1. Determine that:

export quotas of goods (works, services) are not subject to sale, transfer or redistribution to other legal entities;

implementation of settlement on export-import transactions of the companies, organizations and organizations of the Republic of Uzbekistan with foreign partners through accounts of firms in foreign banks is forbidden and pursued under the law.

2. Impose control of movement of means in foreign currency on export-import and other currency transactions of physical persons and legal entities of the Republic of Uzbekistan on the Central bank, Audit Chamber, the Ministry of Finance, the State Tax Committee and the State Customs Committee of the Republic of Uzbekistan.

3. Approve Regulations on currency exchange control on export-import transactions according to appendix.

4. To the Ministry of Justice of the Republic of Uzbekistan to make offers on establishment of criminal and other measure of responsibility of physical persons and legal entities for violation of established procedure of recoverability of currency earnings and payment of its share belonging to the state.

5. To provide to the Cabinet of Ministers of the Republic of Uzbekistan in two weeks reduction of earlier made decisions of the government, and also regulating documents of the ministries and departments in compliance with this decree.

Appendix

to the Presidential decree of the Republic of Uzbekistan of April 20, 1994 No. UP-837

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