Article 17. Currency Operations between Residents

Currency operations between residents shall be allowed in the following cases:

operations connected with the settlements in duty-free shops, as well as with settlements upon the sale of goods and provision of services to passengers on the route of means of transportation in international carriages;

operations between commission agents (attorneys) and clients (principals) upon rendering by commission agents (attorneys) services connected to the negotiation and execution of contracts with non-residents on transfer of goods, performance of works, rendering of services, transfer of information and results of intellectual activity, exclusive rights thereto, including operations on return of the clientʼs (principalʼs) monetary sums (other property);

operations involving settlements and transfers of funds in foreign currency received from abroad from the implementation of freight forwarding services to the account of forwarding companies, on the basis of contracts;

operations on payment and reimbursement of expenses of physical persons associated with the commission of business trips outside the territory of the Republic of Uzbekistan, as well as operations on redemption of unspent advance funds issued in connection with business trips;

operations involving settlements and transfers of funds to diplomatic missions, consular offices of the Republic of Uzbekistan, as well as permanent missions of the Republic of Uzbekistan to interstate or intergovernmental organizations;

transfers of monetary funds with respect to non-trading operations by a physical person, who is a resident, from accounts opened with banks of the Republic of Uzbekistan, in favor of other physical persons, who are residents, to their accounts opened with banks of the Republic of Uzbekistan;

operations connected with settlements between transport organizations and physical persons who are situated outside the territory of the Republic of Uzbekistan, as well as branches, representative offices and other divisions of legal entities under contracts of carriage of passengers;

operations between commission agents (attorneys) and clients (principals) in the provision of services by commission agents (attorneys) which are connected with the conclusion and execution of contracts, obligations under which are subject to execution on the basis of clearing, in cases where the final buyer or seller is a non-resident;