Article 8. Exchange Rate

On amendments and additions to the Law of the Republic of Uzbekistan "On currency regulation" (LRU-573-son) · Date: 22.10.2019 · In force

An exchange rate for operations on the purchase and sale of foreign currency in the territory of the Republic of Uzbekistan shall be determined on contractual base, proceeding from supply of and demand for foreign currency.

Upon determination of the exchange rate of the currency of the Republic of Uzbekistan against foreign currency, exclusively market mechanisms shall be used.

The Central Bank shall provide for the creation of conditions for the determination of the exchange rate upon establishment of the procedure for purchase and sale of foreign currency, proceeding from the demand for foreign currency and its supply.

The Central Bank shall regularly set the exchange rate for the purposes of accounting, statistical and other reporting on currency operations, as well as for the calculation of customs and other mandatory payments in the territory of the Republic of Uzbekistan.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5515844

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Cite as: Article 8. Exchange Rate On amendments and additions to the Law of the Republic of Uzbekistan "On currency regulation" (LRU-573-son). neolex.uz/en/laws/law-4562846/8 (lex.uz/docs/5515844)