The Central Bank proposed expanding the documentation requirements for purchasing US dollars.
The Central Bank has put forward a significant proposal to the public. Zamin.uz reported on this matter.
This proposal concerns regulations regarding the process of purchasing US dollars in cash form, aiming to expand the requirement for identity documents. Currently, an individual could purchase up to 100 US dollars in cash currency on the same day without presenting their documents.
Now, it is proposed to raise this limit to 500 US dollars. This change will enable commercial banks to operate much more efficiently in registering customers and verifying their identities.
As a result, bank staff will find it more convenient to monitor currency transactions and can implement security measures even more effectively. The draft also establishes another important rule.
If an individual does not have an account opened at the bank, or if a transaction made without using accounts equals or exceeds 500 times the basic calculation amount, presenting an identity document will also be mandatory in such cases. In practice, this limit amounts to 175 million sum.
Thus, documents must be presented when transferring or receiving cash funds exceeding this amount. This measure serves to reduce irregular activities in the financial market and ensure transparency of operations.
Public discussion will continue until April 4. Citizens are free to express their opinions and suggestions.
This process demonstrates that the people's voice is taken into account in solving economic problems. The new regulations to be adopted will not only create convenience for the population but also strengthen the stability of the national financial system.
The process of purchasing currency in cash is expected to become even easier and freer. As a result, additional opportunities will arise to improve the quality of banking services and protect customers' rights.
Reforms in this direction are one of the important steps aimed at further developing our country's financial policy.
