Mandatory Sale of Foreign Currency

Under Resolution of Cabinet of Ministers #245 “About Measures on Further Development and Strengthening of Non-Exchange Foreign Currency Markets”, fifty percent of the proceeds of local legal entities in foreign currency must be sold to the state at the official exchange rate set by the Central Bank of Uzbekistan.

This mandatory sale must be made within five working days from the moment when the foreign currency payments have been received by the Uzbek company in its bank account. It is an obligation of the Uzbek company to ensure that the mandatory sale of foreign currency proceeds is made on time.

The following foreign currency amounts are exempt from mandatory sale to the budget:

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Industrial Code (ОКОНХ):Mandatory for Uzbek citizens
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Mandatory Sale of Foreign Currency

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All payments currently accepted via bank transfers only. Please complete a form below to receive an Agreement for our product and invoice.