The Ministry of Justice has officially registered an amendment to Clause 28 of the Regulation on Conducting Foreign Exchange Operations in Uzbekistan (Ref. No. 3281-6, dated July 16, 2026).
Under the existing framework, and in accordance with Article 15 of the Foreign Exchange Regulation Law, the purchase or sale of foreign currency for current international transactions is permitted without restrictions. However, funds transferred to specialized foreign currency accounts were strictly required to be spent exclusively for the exact purposes specified in the original bank order.
Previously, if a business entity needed to use foreign currency funds purchased under one contract for a different contract, they had to first sell that foreign currency back to the bank and then repurchase it anew for the alternative purpose.
The new amendment is designed to eliminate this bureaucratic loop. Moving forward, business entities will be permitted to legally modify the intended purpose of foreign currency funds purchased on the domestic foreign exchange market, following a streamlined procedure.
This regulatory shift is expected to save entrepreneurs unnecessary time and financial costs, while providing additional flexibility and convenience when executing foreign exchange operations.
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