The bonds of the Uzbek republican 12 percent domestic winning loan were issued on the basis of the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 165 of April 6, 1992 "On the issue and distribution procedure of the Uzbek republican 12 percent domestic winning loan of 1992" with the aim of injecting money of the population into the country's economy .
Content
Description
Bonds of the Uzbek domestic winning loan were issued from July 1, 1992, for a period of 20 years, until July 1, 2012 (bonds could be presented for payment until July 1, 2014), in denominations of 250, 500 and 1000 rubles , in separate digits of 2, 5 billion rubles. The free purchase and sale of bonds was made through the branches of Uzsberbank , Uzpromstroybank, Uzagroprombank, as well as through stock exchanges. The sale of bonds was made at prices set by the Ministry of Finance, and the purchase at face value, the exchange difference was a bank reward for their implementation.
All income on loan bonds was paid in the form of non-taxable winnings, while the total amount of winnings was set at the rate of 12 percent per year. For a twenty-year period, 32% of bonds were supposed to be winning and were withdrawn from further runs, the remaining 68% of bonds were redeemed at face value at the end of the loan period. Loan winnings were set at 250,000, 100,000, 50,000, 25,000, 10,000, 5,000 and 2,000 rubles for a bond with a face value of 500 rubles; for bonds of other face values, the gain was set according to their proportional value to 500 rubles. The nominal value of the bond was also included in the prize. In total, it was planned to carry out 80 runs of 4 runs per year, starting in 1992. The terms of the circulation were set by the Ministry of Finance [1] .
Bond
In view of the expiration of the bond circulation period on July 1, 2014, Cabinet of Ministers Resolution No. 51 dated March 5, 2014 “On Measures to Organize Acceptance and Redemption of the Uzbek Republican 12% Domestic Loan Bonds of 1992” was issued. The decree established the period for accepting bonds by units of Halyk Bank from April 1 to July 1, 2014; bonds not presented during this period were considered invalid. The document stipulated the indexation of payments on loan bonds, but the specific size of the indexation was not established by the resolution [2] .
Resolution of the Cabinet of Ministers No. 209 dated July 31, 2014 determined the coefficient of indexation on loan bonds in the amount of 1.373 (1 ruble : 1.373 soums ), taking into account the monetary reform conducted in 1994, without paying winnings. The deadline for payment of funds was set from August 1 to November 30, 2014 [3] .
The campaign to cancel the 1992 domestic loan bonds received wide coverage in the mass media of Uzbekistan [4] [5] [6] [7] .
Gallery
250 rubles, front side
500 rubles, front side
1000 rubles, front side
250 rubles, back
500 rubles, back
1000 rubles, the reverse side
See also
- Domestic government loan bonds
Notes
- Выпуск On the issue and procedure for the dissemination of the Uzbek Republican 12 percent domestic advantageous loan in 1992 .
- ↑ On measures to organize the reception and redemption of bonds of the Uzbek Republican 12 percent domestic winning loan in 1992 .
- ↑ Indexed bonds of a 12 percent loan of 1992 .
- ↑ In Uzbekistan, they will pay money on bonds of 1992 .
- ↑ Uzbekistan will redeem bonds of 1992 issue .
- ↑ Uzbekistan will redeem bonds of 1992 issue .
- ↑ Indexed bonds of a 12 percent loan of 1992 .