Approved by Board decision of National Bank of Tajikistan of July 26, 2002 No. 168

The instruction No. 120 about procedure for opening and maintaining currency accounts of legal entities and physical persons by authorized banks (residents and nonresidents) of the Republic of Tajikistan

This Instruction "About procedure for opening and maintaining currency accounts of legal entities and physical persons by authorized banks (residents and nonresidents) of the Republic of Tajikistan" (further in teksteinstruktion) is developed according to article 36 of the Law of the Republic of Tajikistan "About National Bank of Tajikistan" and Articles 5 (3), 7(2) Laws of the Republic of Tajikistan "About currency control and currency exchange control".

I. General provisions

1. The instruction determines procedure for opening and maintaining by authorized banks and non-bank financial organizations (further in the text of the Instruction - banks) currency accounts of legal entities and physical persons (residents and nonresidents) of the Republic of Tajikistan.

2. Legal entities and physical persons (residents and nonresidents) who are engaged in business activity without formation of legal entity having the right to open in banks of the Republic of Tajikistan deposit currency accounts poste restante (the current currency accounts).

Executive bodies, public administration, their self-supporting structural divisions, the public and international organizations and persons can open target current currency accounts in banks.

The current currency account is intended for transfer and accounting of all receipts for benefit of the account holder irrespective of appointment, nature and source of formation of means and implementation of all its transfers and payments in foreign currency.

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