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Uzbek ATMs to suspend US dollar issuing

Business Materials 25 September 2019 15:11 (UTC +04:00)

Baku, Azerbaijan, September 25

By Nargiz Sadikhova - Trend:

ATMs of Uzbekistan will suspend issuing foreign currency in cash starting from October 1, 2019, Trend reports with reference to Uzbek media.

“Starting from October 1 of the current year, all ATMs of the country which serve credit cards of international payment systems (VISA, MasterCard and UnionPay) will be issuing cash in national currency only,” the report said.

Some ATMs of Uzbekistan have already started issuing cash in national currency only starting from September 24. At the same time, the ATMs will continue accepting US dollars for exchange and for replenishment of the bank accounts.

According to the press service of the bank, residents will be able to convert currencies in mobile application and they will also be able to withdraw US dollars in banks’ cash registers. To do so, the resident must bring the plastic card with foreign currency and their ID.

These measures are being implemented in order to combat the legalization of proceeds from illegal activities.

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