Uzbekistan allows citizens to take more foreign cash abroad in further liberalization

TASHKENT (TCA) — Uzbekistan President Shavkat Mirziyoyev has signed a decree allowing citizens to take up to $10,600 in cash with them when travelling abroad, another step in the liberalization of the foreign-currency market in the Central Asian country, RFE/RL’s Uzbek Service reported.

State-run newspapers reported that the decree, which came into force on October 23, also allows Uzbek citizens to open bank accounts abroad without any limitations, to conduct cash transfers between banks in Uzbekistan and abroad, and to own valuable papers such as securities and payment documents supported by foreign currencies or gold.

Earlier, Uzbek citizens could take up to $2,000 abroad without a declaration, and up to $5,000 with a declaration. Larger sums could be taken out of the country only with special permission from the central bank.

Earlier in August, Mirziyoyev signed a decree allowing Uzbek labor migrants in Russia to cover their debts in Uzbek banks with Russian rubles.

Hundreds of thousands of labor migrants from Uzbekistan have repatriated more than $2 billion from Russia in the first six months of 2019, statistics said.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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