Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the Cabinet of Ministers "On measures to create a payment system to ensure cross-border money transfers" was adopted.

The Resolution determines that:

- the payment system "Unified Cross-Border Money Transfers" is created on the basis of the processing center of the National Bank of Uzbekistan, which will act as its operator;

- cross-border transfers between individuals from the territory of foreign countries to Uzbekistan will be carried out at mutually beneficial tariffs of commercial banks of the republic at the request and voluntary choice of individuals along with other payment systems and through a single payment system "Unified cross-border money transfers";

- The National Bank of Uzbekistan performs the function of a settlement bank for cross-border transfers made through the "Unified Cross-Border Money Transfers" payment system;

- JSC "Asia-Invest Bank" (Moscow) is considered one of the settlement banks on the territory of the Russian Federation for cross-border transfers made through the payment system "Unified Cross-Border Money Transfers".

Commercial banks of Uzbekistan, when providing banking services for international money transfers, are recommended to use the "Unified Cross-Border Money Transfers" payment system along with other payment systems.