Approved by Board of National Bank of Tajikistan on September 16, 1997 No. 51

Rules of issue to commercial banks of licenses for making of banking activities in foreign currency

I. Maintaining

These rules are developed according to Articles 4 (4), 31, 36, 43 Laws of the Republic of Tajikistan "About National Bank of Tajikistan", Item 2(e) of article 9 of the Law of the Republic of Tajikistan "About currency control and currency exchange control" and establish the following rules of issue of licenses for banking operations in foreign currency to banks of the Republic of Tajikistan.

1. The license for banking operations in foreign currency is issued to the banks functioning in the territory of the Republic of Tajikistan (joint and foreign venture banks) by National Bank of Tajikistan.

2. The license for banking operations in foreign currency is granted based on the petition of commercial bank with appendix of complete set of documents (according to the list specified in Appendix No. 1 of these rules), Management of banking supervision of National Bank of Tajikistan based on the conclusion of Management of the International financial relations and currency transactions of National Bank of Tajikistan (hereinafter in the text of these rules: - in case of renaming of the above-named divisions in case of structural changes of National Bank of Tajikistan - their legal successors) about readiness of bank for carrying out these transactions with indication of transaction type in foreign currency which the bank is capable to carry out.

In case of representation of incomplete set of documents the petition is not taken cognizance.

The petition of the banks violating the bank, foreign law of the Republic of Tajikistan and regulations of National Bank of Tajikistan is not subject to satisfaction.

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