Dushanbe. 1 September. “Asia Plus” — The Chairman of the National Bank of Tajikistan (NBT) Jamshed Nurmahmadzoda has informed the delegation of the People”s Bank of China (PBC), with the state of the banking system of the republic.
As reports the press service of the National Bank of Tajikistan, during the meeting, held on 31st of August, Nurmahmadzoda with a working group under the leadership of the PBC Head in Shindzhanskoy area of China Dzhuo Dzhianve have discussed the prospects of bilateral cooperation.
At the meeting it was noted that the development of cooperation in the exchange of payments in national currencies between the central banks of the two countries “will help to improve the bilateral mutually beneficial relations.”
Recall that the PBC`s working group has arrived in Dushanbe on Sunday with a four-day visit.
The representatives of the Chinese bank will also meet with the leadership of the commercial banks of the republic. In addition, the delegation of the PBC plans to get acquainted with the activities of the joint Tajik-Chinese enterprises.
It is expected that on 2-4 of September the PBC`s delegation, led by the Head of the bank Zhou Xiaochuan, will arrive in Dushanbe. During the visit it is planned to sign a SWAP agreement (multiperiod exchange of payments in the national currencies of the two countries) between the NBT and the PBC.
Note that the negotiations on the involvement of credit by the National Bank of Tajikistan from the People”s Bank of China (the equivalent of $ 500 million) began at the end of May this year.
The National Bank added that funds attracted of Chinese credit institutions will be used to support the somoni, the balance of payments regulator, as well as lending to small and medium businesses through Tajik banks of the second level.
