The National Bank Of Tajikistan (NBT) Is The National Bank Of Tajikistan And Is The Issuer Of Tajik Somoni. It Is Wholly Owned By The State And Is Accountable To The Lower House Of The Tajik Parliament; However, It Also Acts As An Independent Legal Entity In Accordance With The Law, Independently Arranging And Executing Its Tasks And Activities Without Interference From Any Administrative Authority.
Objectives And Functions
Objectives
The Main Statutory Objectives Of The National Bank Of Tajikistan Are:
- To Maintain The Stability Of The Purchasing Power Of The Tajik Somoni, The National Currency;
- To Develop And Consolidate The Banking System Of The Republic;
- To Maintain The Efficient And Smooth Operation Of The Settlement System;
Functions
The Statutory Functions Of The National Bank Of Tajikistan Are:
- To Formulate And Implement Monetary Policy;
- To Act As The Government's Bank And Handle Fiscal Affairs On Behalf Of The Government;
- To Carry Out Economic And Monetary Affairs Statistics And Analysis Of Data As A Basis For Making Economic Recommendations For Government Administration;
- Supervising And Regulating The Activities Of Commercial Banks And Other Financial Institution Groups;
- Serving As Lender Of Last Resort To Improperly Operating Commercial Banks And Other Financial Institution Groups, If Necessary;
- Promoting The Efficient Operation Of The Interbank Payment System;
- Monopoly The Right To Issue Money, Issue Money And Organize Circulation;
- Manage The Foreign Exchange Reserves Of The State;
- Debt On Behalf Of The Republic Of Tajikistan;
- Maintain The Balance Of Payments Of The State
