Article 48. Revenues of the Fund for Reconstruction and Development of the Republic of Uzbekistan

Revenues of the Fund for Reconstruction and Development of the Republic of Uzbekistan are generated from:

proceeds from the excess of world prices for strategic resources over the cut-off prices established by the decisions of the President of the Republic of Uzbekistan in the framework of approving the forecast of key macroeconomic indicators and parameters of State budget;

income from management of assets of the Fund for Reconstruction and Development of the Republic of Uzbekistan, including from investment of clear balances of funds of the Fund for Reconstruction and Development of the Republic of Uzbekistan;

other sources in accordance with the legislation.

Resources of the Fund for Reconstruction and Development of the Republic of Uzbekistan are formed in foreign currency on its accounts opened in Central Bank of the Republic of Uzbekistan.

Central Bank of the Republic of Uzbekistan converts funds in national currency received on the accounts of the Fund for Reconstruction and Development of the Republic of Uzbekistan into foreign currency at the current rate of Central Bank of the Republic of Uzbekistan as of the date of receipt of funds with their subsequent crediting to its foreign currency account.