On the portal of discussion of regulatory legal acts, the draft resolution of the President “On Currency Regulation and Currency Control” was published. The document was developed by the Central Bank of Uzbekistan.

The draft resolution notes that import of cash foreign currency, cash, documentary securities into the Republic of Uzbekistan is carried out by residents and non-residents without any restrictions.

"The export of cash foreign currency, cash, documentary securities from the Republic of Uzbekistan is carried out in an amount equal to or not exceeding the equivalent of 10,000 (ten thousand) US dollars, except in cases established by decisions of the President and the Government of the Republic of Uzbekistan," the document said.

Export of excess of the established amount by non-residents is carried out on the basis of a passenger customs declaration filled in at the time of entry into the Republic of Uzbekistan, in which the amount of foreign currency in cash is indicated not less than the amount of foreign cash withdrawn.

Prizewinners or participants of competitions, contests and olympiads organized in the Republic in the established order may export the currency in excess of the established amount on the basis of a document confirming the legality of receiving cash foreign currency.

“Import and export to / from the Republic of Uzbekistan by individuals of cash foreign currency, cash in hand, documentary securities in the total amount exceeding the equivalent of 5,000 (five thousand) US dollars is subject to mandatory declaration in writing,” the document said.

The document suggests to allow resident individuals to open and use accounts with foreign banks.