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Central Bank bans several banks from currency exchange

The Central Bank of Uzbekistan suspended several banks from participating in the trading of the currency exchange. The Bank said that several financial institutions have had " systematic violations associated with the implementation of transactions on the currency exchange."

"This is not the first time when these banks face sanctions for violations of currency legislation – during 2018 and over the past period of 2019 31 penalties totaling 2.5 billion soums had been applied", - the press service of the Central Bank said.

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