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Uzbek Central Bank's bold move to stimulate money circulation

Business Materials 7 December 2018 16:24 (UTC +04:00)
The Central Bank of Uzbekistan and the Federation of Consumer Rights Protection Societies called on citizens of Uzbekistan not to accept sweets, matches and napkins offered instead of a change
Uzbek Central Bank's bold move to stimulate money circulation

Baku, Azerbaijan, Dec. 7

By Fikret Dolukhanov – Trend:

The Central Bank of Uzbekistan and the Federation of Consumer Rights Protection Societies called on citizens of Uzbekistan not to accept sweets, matches and napkins offered instead of a change, Trend reports referring to Uzbek media.

Many grocery stores offer buyers matches, sweets, napkins and other similar goods instead of a small change of up to 500 soums.

“The Central Bank of Uzbekistan has issued new coins of 50, 100, 200, 500 soums worth of cash in order to optimize money circulation and create favorable conditions for cash payments, in particular, to eliminate problems with returning change for goods and services purchased,” the Central Bank noted.

According to Article 21 of the Law of the Republic of Uzbekistan “On Protection of Consumer Rights”, a seller (executor) does not have the right to insist on a consumer purchasing additional goods or services, as well as charging for those not rendered.

The Central Bank asked customers to call helpline of the Federation of Consumer Rights Protection Societies in case if a seller refuses to return change in cash.

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Follow the author on Twitter: @FDolukhanov

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