ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of December 12, 2016 No. 527

About release into the stream of commerce of valuable government securities of the Republic of Tajikistan for capitalization of banks

According to article 5 of the Law of the Republic of Tajikistan "About the state borrowing and the debt guaranteed by the state" for the purpose of ensuring banking system stability, decrease in social tension, protection temper and interests of investors and creditors and preserving trust of the population in bank system, the Government of the Republic of Tajikistan decides:

1. To the Ministry of Finance:

- provide release of preferential long-term government securities in the amount to 3 320 000 000 (three billion three hundred twenty million) somoni for a period of 5 (five) years with rate in 2 (two) annual interest rates for capitalization of banks according to appendix 1;

- accept assets of banks according to appendices 2 and 5 to the cost of issued securities;

- request from shareholders of banks the additional assets which are not reflected in their balance equal to difference between the cost of issued securities and assets of these banks;

- based on agreements to determine the mechanism of relations of the parties by use of preferential long-term government securities for capitalization of the banks specified in appendix 1;

- in order to avoid currency pressure and maintenance of the stable rate of inflation, completely to transfer budgetary funds of budgetary institutions, including the Agencies of social insurance and pension under the Government of the Republic of Tajikistan which will be returned by the banks specified in appendices 1, the single account of Head department of the Central Treasury of the Ministry of Finance of the Republic of Tajikistan and to limit their use within one year;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info