Tashkent, Uzbekistan (UzDaily.com) -- A draft resolution of the board of the Central Bank “On introducing amendments and additions to the Rules for foreign exchange transactions in the Republic of Uzbekistan” has been published.

In accordance with the planned changes, when business entities submit an application to the bank to purchase foreign currency, it will be necessary to provide copies of the following documents:

- a contract (agreement, transaction, invoice) concluded to carry out a foreign exchange transaction;

- when servicing leases and loans in foreign currency - a schedule for the return of principal and interest;

- when repatriating profits, dividends and other income of foreign investors - a document on the distribution of profits, payment of dividends, the conclusion of an audit organization or tax authority, as well as confirmation from the tax authority on the payment of income tax;

- when non-residents transfer funds in accordance with paragraphs 17-191 of the Rules to their foreign accounts or to the accounts of their organizations established abroad - documents confirming the receipt of funds in national currency in a legal way.

Also, applications for the purchase of foreign currency on the same day will be sent to the bank branch for preliminary verification.

Bank branch:

- if the application is not properly completed or there are no supporting documents, it returns the application for correction to the client;

- if there are no comments, it is sent to the head bank.

The draft resolution can be changed, supplemented or rejected.