THE NATIONAL BANK OF TAJIKISTAN

The National Bank of Tajikistan (NBT) is the central emission and reserve Bank of the country. The NBT takes part in the development of the economic policy of the country and reports to the Lower Chamber (Majlisi Nomoyandagon) of the Parliament (Majlisi Oli). By the Decree of the President dated 1997, the National Bank of Tajikistan became independent in order to better fulfill its mandate.

The National Bank of Tajikistan is entrusted to:

Develop and implement monetary policy of the country as well as foreign exchange policy

Act as a state banker and financial agent

License and supervise activities of all other banks and credit organizations

Emit national currency and unsure its circulation

Manage foreign reserves of the country

Act on behalf of the Republic of Tajikistan and performs transaction under the agreements with the international organizations in the banking and monetary area.

Prepare balance of payment reports for the country

The NBT consists of the central administration and regional branches. At present, the central administration of the NBT includes 2 departments and 12 divisions, 5 independent offices and the press-center.

The National Bank of Tajikistan is managed by the Board.

National currency - the Somoni
The new national currency, the Somoni, was introduced on 30 October 2000.

On October 26, 2000 during the announcement of the new currency, the President of Tajikistan, His Excellency Emomali Rahmonov said that the introduction of the new currency is intended to strengthen the national banking system. International organizations have voiced their support for the new currency, which would contribute to the macroeconomic stability and expedite the transition to a market economy.