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Uzbek
The Central Bank of Uzbekistan has officially clarified rumors circulating on social media, claiming that individuals would be allowed to have only one bank card. These statements are not true. Instead, the introduction of new temporary regulations is being discussed to limit the number of bank cards one individual can own. Specifically, each citizen will be able to hold up to 20 bank cards in total.
What Are the Proposed Limits?
To prevent fraudulent transactions and minimize the use of accounts and cards in illegal schemes, the following limits are being considered:
- Up to 5 cards per bank.
- Up to 20 cards across all banks in total.
These limits will apply to all types of cards, including virtual and co-badged cards.
Important: These restrictions will not apply to cards opened in foreign currency.
Why Is This Necessary?
An analysis of bank card usage revealed that a significant number of cards registered under one individual are often used in fraudulent schemes. In many cases, cardholders were unaware that their accounts were being misused.
Currently:
- 97% of bank cardholders (22 million people) have no more than 5 cards.
- 3% of cardholders (around 770,000 people) have between 5 and 20 cards.
- 0.03% (about 7,000 people) own more than 20 cards.
Convenience Will Be Maintained
The Central Bank assured that the new rules will not create any inconvenience for citizens using cards for everyday payments. The main goal is to regulate banking activities and ensure the security of transactions.
What’s Next?
The Central Bank announced that it will continue to monitor the situation and refine the regulations based on public opinion. Once finalized, the requirements will be presented for discussion with the public and journalists.
The proposed changes aim to make the banking card system more transparent and secure, ensuring convenience for law-abiding citizens while preventing misuse.
The article may contain inaccuracies as it is translated by AI. For more details, please refer to the Russian version of the article. If you notice any inaccuracies, you can send corrections via the Telegram bot: Uzvaibik_bot.
