Why is this important
Changes in foreign exchange regulation directly affect the ease of conducting transactions, the investment climate, and the transparency of financial flows. Simplifying procedures reduces the administrative burden on businesses and speeds up settlements in the capital market. Expanding opportunities for individuals and investors increases the attractiveness of the financial system. For the state, this is a step toward further liberalizing the foreign exchange market and strengthening oversight through digital tools.
What happened
- The Central Bank of Uzbekistan approved amendments to the rules for conducting foreign exchange operations through Resolution No. 10/9 dated March 30, 2026.
- The document is aimed at simplifying foreign exchange operations, developing the capital market, and increasing the transparency of financial processes.
- The new rules provide for expanded opportunities for individuals, businesses, and foreign investors.
Numbers and facts
- Individuals are now allowed to transfer funds to one another from any bank accounts for non-commercial purposes, regardless of citizenship.
- Foreign citizens have been granted the right to carry out domestic foreign exchange transactions related to investments, donations, and inheritance.
- Legal entities are no longer required to submit additional documents when purchasing foreign currency for securities transactions — a document confirming the issuance of the security is sufficient.
- Foreign investors will be able to freely repatriate proceeds from the sale of securities, dividends, and other income on the basis of their own application.
- All foreign currency purchase and sale transactions, including online deals, are subject to mandatory registration in the foreign exchange transaction accounting information system (FERUz).
- Legal entities are allowed to make technical corrections to foreign currency purchase applications in the case of minor errors, reducing the risk of transaction rejection.
- Individuals may receive cash foreign currency without restrictions within the limits of funds held in their accounts, while for legal entities specific purposes for cash withdrawals have been established, including business trips and the return of contributions to authorized capital.
- Banks are required to record foreign exchange transactions in a centralized system, which will improve market transparency and oversight.
Context
- For businesses, this means less bureaucracy in foreign exchange operations and simpler procedures for working with securities.
- For investors, clearer conditions are being created for withdrawing funds and participating in the financial market.
- For citizens, opportunities for transfers and access to foreign currency are expanding, while transaction transparency and regulatory oversight are also being strengthened.
