Article 9. Powers of the Central Bank of the Republic of Uzbekistan in the Sphere of Circulation of Precious Metals

On precious metals and precious stones (LRU-710-son) · Date: 23.08.2021 · In force

The Central Bank of the Republic of Uzbekistan shall:

implement the priority right of the state to purchase refined precious metals to replenish assets in precious metals;

set prices for banknotes and bars of precious metals sold by the Central Bank of the Republic of Uzbekistan based on prices prevailing in the world market;

establish the procedure for banks to carry out transactions with precious metals, including opening, maintaining and closing by banks of accounts for safekeeping of precious metals and depersonalized (non-physical) accounts of precious metals;

put into circulation banknotes and bars made of precious metals;

establish the procedure for the purchase and sale of banknotes made of precious metals.

The Central Bank of the Republic of Uzbekistan may exercise other powers in accordance with the legislation.

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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/6118259

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Cite as: Article 9. Powers of the Central Bank of the Republic of Uzbekistan in the Sphere of Circulation of Precious Metals On precious metals and precious stones (LRU-710-son). neolex.uz/en/laws/law-5595534/9 (lex.uz/docs/6118259)