Uzbekistan: Foreign Cash Still Not Available for Sale
Banks in Uzbekistan are still not selling foreign currency, despite promises from the government it would be possible from October 1.
Authorities dealt a major blow to the black market currency trading business on September 5, when banks were given the go-ahead to start buying foreign denominations. Many are frustrated, however, that the same approval has not been given to sell dollars and euros in exchange for Uzbek sum.
Those coming to trade in their Uzbek money for dollars continue to be told that they cannot get hard cash, but that they can have $5,000 deposited onto their Mastercard or Visa cards once every quarter.
Clerks at two retail banks contacted by EurasiaNet.org said instructions have still not been issued to begin selling foreign currencies.
“There was some information about the sale of foreign money, but it hasn’t started yet, and we don’t know when it’s going to start,” said Sarvinoz, an employee at Ipoteka Bank.
A worker at another bank said the order might not come through until October 10.
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