2017-12-08

Mirziyoyev eases regulations on foreign currency

Caravanserai

TASHKENT -- Uzbekistan President Shavkat Mirziyoyev has issued a decree lifting restrictions on the movement of foreign currency into and out of the country, reported Radio Free Europe/Radio Liberty.

According to the decree made public Thursday (December 7), travelers will no longer need permission from banks or state financial institutions to take foreign cash out of Uzbekistan for amounts less than $5,000 (40 million UZS).

Travelers will also not be required to declare foreign currency when entering or leaving the country if its value does not exceed $2,000 (16 million UZS).

Both measures are to take effect on January 1, 2018.

Under current laws, those traveling abroad must get official permission to take any amount of foreign currency out of the country. Travelers to Uzbekistan also must declare all foreign cash when entering or leaving the country regardless of the amount.

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