New Forex Regulation In Uzbekistan

On 2 September 2017 the President of Uzbekistan signed a new Resolution (UP-5177) introducing changes to the foreign exchange regulations in Uzbekistan. Below is the summary of key changes.

New exchange rules

Starting from 5 September 2017:

• Legal entities registered in Uzbekistan may purchase foreign currency from commercial banks without limitation for the purposes of current international payments (such as, import of goods, works and services), repatriation of profit, repayment of loans, business trip expenses and other non-trade payments)
  
  
  • As before, the exchange rate will be determined based on the offer and demand in the interbank forex trade sessions conducted in the Currency Exchange of Uzbekistan. The current exchange rates will be published in the website of the Currency Exchange (http://uzrvb.uz/)