The list of operations carried out by banks has been expanded
Tashkent, Uzbekistan (UzDaily.com) -- The President of Uzbekistan Shavkat Mirziyoyev signed the new edition of the Law on Banks and Banking Activities.
In accordance with the Law, the list of operations carried out by banks was supplemented by a number of new banking operations.
In particular, operations such as buying and selling precious metal coins, issuing, using and redeeming electronic money.
The law also establishes rules regarding activities prohibited or restricted for banks in order to protect the rights of creditors and depositors.
According to the Law, the minimum authorized capital of a bank should be one hundred billion soums.
This Law shall enter into force on the day of its official publication.