NBT implemented structural reforms and applied new operating instruments

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DUSHANBE, 24.07.2017 /NIAT Khovar/. In the first half of this year, the National Bank of Tajikistan in order to ensure an effective monetary policy implemented structural reforms and applied new operating instruments, such as overnight credits, intraday and credit auctions. The use of these instruments has made monetary operations more transparent and effective, which allowed credit institutions to meet their needs for short-term loans in the amount of 66.6 million TJS. It was stated today at the press conference by the First Deputy Chairman of the National Bank of Tajikistan Jamoliddin Nuraliev.

According to monetary statistics, the volume of reserve money as of June 30 of this year amounted to 12.3 billion TJS, and the volume of cash in circulation � 9.9 billion TJS, he said.

It was also noted that in order to regulate the money supply in circulation, reduce exchange rate and inflation pressures, de-dollarization of the economy, increase public confidence in the national currency, the National Bank of Tajikistan implements a set of measures and instruments of monetary and and exchange rate policies. So, for 6 months of this year the bank conducted 87 auctions for securities. The volume of securities at these auctions made 4 billion TJS, which is 2.3 times more than in the same period last year.

Source: National information agency of Tajikistan