“Trustbank” opens correspondent account in uzbek soums at the National bank for foreign economic activity

PJSC “Trustbank” has opened a correspondent account in Uzbek soums to simplify and expedite cross-border payments for bank clients and to conduct operations in the national currency, the private joint-stock bank “Trustbank” has opened a correspondent account in Uzbek soums at the National Bank for Foreign Economic Activity of the Republic of Uzbekistan.
 Opening an account in the national currency enables bank clients to conclude export-import contracts in soums and conduct settlements in the national currency. This significantly streamlines financial operations, reduces currency risks, and helps avoid additional costs for conversion. It also accelerates payments and simplifies accounting procedures. Overall, it serves to strengthen the role of the national currency in international trade.