Uzbekistan has made trading with foreign currency a criminal offense, Uzbekistan’s Tax Committee warned on Tuesday, the latest in a string of measures apparently aimed at preventing the global market slump from eating into the Central Asian republic’s reserves.
“The State Tax Committee warns entrepreneurs and individuals they will be held liable for making settlements in cash foreign currency in the sphere of retail trade and services, including criminal liability,” the committee said in a statement.
From February 1, Uzbekistan banned the sale of cash foreign currency to individuals in an apparent move to alleviate the foreign currency deficit in the former-Soviet republic.
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ReplyDeleteExchange is also a big word because currency moves on exchanges just like stocks do. You can trade some euros at the local bank for dollars when you come back from a nice trip, but you can’t do the same in dinars.
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