The Central Bank of Uzbekistan has updated its currency operation rules, making them more flexible and transparent. A key change concerns individuals: transfers for personal, non-commercial purposes are now permitted between any bank accounts regardless of the owners' citizenship, whereas previously there were residency restrictions.
For foreign citizens, opportunities for conducting operations within the country have been expanded, including investments in charter capital, donations, and transactions related to inheritance. Legal entities have had currency purchases simplified – now, for operations with foreign currency securities, the issuer's constituent documents are sufficient without additional certificates.
Special attention is paid to investors: they are allowed to freely withdraw income from the sale of securities, dividends, and coupon payments. All currency operations, including online transactions, will be recorded in the FERUz system, which will enhance market control and transparency. Application procedures have also been simplified, and rules for issuing cash currency have been clarified, which should reduce bureaucracy and speed up operations.
