Uzbekistan plans to start a large-scale liberalization of its exchange rate policy in 2017 in accordance with the draft decree of the Uzbek president.
The draft decree was developed by the Central Bank and was promulgated for discussion on the Uzbek single portal of interactive state services.
One of the main lines of the new exchange rate policy is to establish the national currency rate against foreign currencies with the sole use of market mechanisms, according to the document.
It is planned to stop granting privileges and preferences to individual companies or industries in case they conduct foreign exchange transactions.
The document also envisages creation of equal conditions for all participants of the country’s foreign economic activities.
It is offered to cancel declaration of foreign currency in the amount of $2,000 taken into or from Uzbekistan, which is currently obligatory both for the country’s citizens and non-residents.
Also, foreign currency payments for goods and services are offered to be banned on the country’s territory. (Trend/Business World Magazine)
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