Uzbekistan: Reduced rate of compulsory sale of foreign currency earnings for exporters from 50% to 25%

Announcement

01 Nov 2015

Resolution No. 44 of 1 February 2017 of the Cabinet of Ministers of Uzbekistan introduced a liberalising amendment in the existing "Procedure for execution of compulsory sales of foreign currency by business entities" (Decree No. 245 of 29 June 2000).

Source

Number of interventions

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

06 Feb 2017

Revocation date:

No revocation date

Updated: 01 Nov 2015

Previously, the enterprises engaged in decentralised exports were required to sell to authorised banks 50% of their proceeds of foreign currency. In the future, as per the amendment of Decree No. 4...

Related State Acts

14 Nov 2016

Uzbekistan: Legislative changes that increases the available foreign currency-denominated balance of exporters

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