The procedure for conducting foreign exchange operations in Uzbekistan has been further improved. In accordance with a new decision adopted by the Central Bank of Uzbekistan, a number of significant changes and additions have been introduced to this sector. These innovations are primarily significant for their focus on simplifying processes for entrepreneurs and the population.
According to the new procedure, if minor technical or spelling errors are identified in orders submitted by legal entities for the purchase of foreign currency, it is no longer mandatory to resubmit them. Now customers will have the opportunity to correct these deficiencies on the spot. As the regulator noted, in practice, many operations were rejected due to exactly such minor errors, leading to unnecessary time loss for entrepreneurs.
Furthermore, the procedure for issuing cash foreign currency through bank counters has also been clearly and explicitly defined. Accordingly, individuals have the right to withdraw currency within the limits of the funds in their accounts without restrictions. For legal entities, cash currency will be provided only for specified and justified purposes.
Another important innovation is that all currency exchange operations, including transactions conducted online, will be recorded through a unified system. This will serve to transparently monitor and analyze money circulation and movement in the market, as well as strengthen control.
A number of conveniences for individuals have also been introduced within the framework of the decision. Now, regardless of which state their citizenship belongs to, all individuals can freely transfer money to one another through bank accounts for personal purposes (i.e., non-trade operations). Additionally, foreigners have also gained the opportunity to conduct operations related to contributing to charter funds, making donations, or inheritance within the country.
Significant relaxations have also been created for capital market participants. Now legal entities will not provide excessive documents when purchasing currency to make payments on securities issued in foreign currency. For this, the primary document confirming the issuance of the security itself will be sufficient.
At the same time, important opportunities have opened up for foreign investors — they will be able to freely transfer funds received from the sale of securities on the stock market abroad based on their application. This will make the country's investment climate even more attractive.
For reference, it should be noted that this decision was adopted on March 30, 2026, and was state-registered by the Ministry of Justice of Uzbekistan on April 22. The document entered into force from the date of its official publication.
In short, the new changes will serve to simplify processes in the currency market, increase transparency, and create even more favorable conditions for entrepreneurial activity. This is expected to have a positive impact on the future development of the economy.
