Uzbekistan mandates state firms to conduct foreign currency transactions through main bank accounts
Tashkent, April 27 -- State companies in Uzbekistan can now only conduct foreign currency operations through the banks where they have their main account. This rule, which was confirmed by the Chairman of the Central Bank, Mamarizo Nurmuratov, during a press conference on April 25th, stems from a decision by the Cabinet of Ministers.
The decision, effective from April, mandates that state-owned companies can only engage in currency transactions via banks where they hold their main account. This directive has been communicated to all banks by the Central Bank. Nurmuratov emphasized that this measure, initially proposed in September, is crucial for proper currency control over the foreign economic activities of enterprises with a state sha...
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