Approved by Board of National Bank of Tajikistan of November 22, 1997 No. 57

Regulations No. 74 on required reserves of the banks and other credit institutions deposited in National Bank of Tajikistan

1. General provisions

According to the Memorandum of the Government of the Republic of Tajikistan of economic and financial policy for 1998-1999 on transition since November 1, 1998 of all banks of the Republic of Tajikistan on parallel financial accounting and since January 1, 1999 on complete accounting by the New chart of accounts according to International accounting standards, and also according to article 12 of the Law of the Republic of Tajikistan "About National Bank of Tajikistan" the National Bank of Tajikistan develops and pursues the monetary policy of the state directed to achievement and maintenance of stability of national currency, its purchasing power, applying the methods and tools established by the law.

1.1. Required reserves (reserve requirements) - one of the main instruments of implementation of monetary policy of National Bank of Tajikistan - represent the mechanism of regulation of overall liquidity of bank system. used for control of cash aggregates by means of decrease in money multiplier. Reserve requirements are established for the purpose of restriction of credit opportunities of banks and others credit institution and maintenance at the certain level of money supply in the address.

1.2. According to article 16 of the Law of the Republic of Tajikistan "About National Bank of Tajikistan", the bank and other credit institution shall carry out standard rates of the required reserves deposited in National Bank of Tajikistan.

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