Foreign Trade Operations

Full list of services provided by JSC “Garant bank” to legal entities (corporate clients) in foreign currency

Opening and Maintenance of Foreign Currency Accounts
•   Transfers of foreign currency funds within the Republic of Uzbekistan;
•   Transfers of foreign currency funds outside the Republic of Uzbekistan;
•   Cash foreign currency transactions;
•   Foreign currency conversion transactions.
Operations Related to Foreign Trade Activities
•   Maintenance and deregistration of export and import contracts;
•   Foreign currency conversion (purchase/sale);
•   SWAP transactions;
•   SPOT transactions;
•   E-Contract advisory services.
Documentary Operations
•   Transactions involving documentary letters of credit in foreign currency;
•   Provision of bank guarantees and sureties.

1. Law of the Republic of Uzbekistan No. ZRU-573 dated 22 October 2019 “On Currency Regulation”.

2. Annex No. 1 to Resolution No. 18/5 of the Board of the Central Bank of the Republic of Uzbekistan dated 29 August 2020 — “Rules for Conducting Foreign Exchange Transactions in the Republic of Uzbekistan”. Registered with the Ministry of Justice of the Republic of Uzbekistan on 31 August 2020 under No. 3281.

3. Annex No. 1 to Resolution No. 283 of the Cabinet of Ministers of the Republic of Uzbekistan dated 14 May 2020 — “On Measures to Further Improve the Monitoring of Foreign Trade Operations in the Republic of Uzbekistan”.

4. Decree of the President of the Republic of Uzbekistan No. UP-5177 dated 2 September 2017 “On Priority Measures for Liberalization of Currency Policy”.

5. Decree of the President of the Republic of Uzbekistan No. UP-6091 dated 21 October 2020 “On Measures to Further Expand Financial Support for Export Activities”.

6. Regulation “On the Procedure for Monitoring the Justification of Foreign Exchange Transactions Conducted by Legal Entities and Individuals”. Registered with the Ministry of Justice of the Republic of Uzbekistan on 12 June 2013 under No. 2467.

7. Regulation “On the Procedure for Conducting Certain Foreign Exchange Transactions Related to Capital Movements”. Registered with the Ministry of Justice of the Republic of Uzbekistan on 17 December 2013 under No. 2536.

8. Decree of the President of the Republic of Uzbekistan No. UP-837 dated 20 April 1994 “On Measures to Ensure Foreign Exchange Control over Export and Import Operations”.

9. Resolution of the President of the Republic of Uzbekistan No. PP-3351 dated 3 November 2017 “On Measures to Further Liberalize Foreign Trade Activities and Support Business Entities”.