The issue of banknote quality control and combating counterfeit currency was at the forefront of discussions during a recent visit by a delegation from Tajikistan’s National Bank (NBT) to the branch of the Federal Bank of Germany (Bundesbank) in Munich.
The NBT press center says the delegation, led by NBT Chairman Firdaus Tolibzoda, had the opportunity to explore cutting-edge technologies for currency processing, security systems, and cash transfer mechanisms.
The visit reportedly included a meeting between Tolibzoda and Reinhold Folbracht, President of the Bavarian regional branch of Bundesbank, and Michelle Kreuzer, Director of the Munich regional branch. The discussions were part of efforts to strengthen bilateral relations and foster knowledge exchange between the central banks of Tajikistan and Germany.
One of the main topics during the meetings was the fight against counterfeit currency. Bundesbank representatives provided a comprehensive overview of the latest technologies used in transaction processing, including advanced security systems designed to prevent the counterfeiting of banknotes. The delegation also discussed cash handling processes and measures to ensure the integrity of monetary circulation, while safeguarding against fraudulent activities.
NBT Chairman Tolibzoda reportedly expressed satisfaction with the visit, highlighting the importance of the knowledge gained for improving the operations of Tajikistan’s National Bank.
“We greatly value our cooperation with our German colleagues and are confident that the experience gained will contribute to further enhancing our work, especially in regulating and controlling monetary circulation and ensuring its security,” Tolibzoda remarked.
The leadership of Bundesbank’s Munich branch underscored the importance of international collaboration in maintaining the stability of the global financial system.
At the conclusion of the visit, which took place in an atmosphere of mutual understanding, both sides expressed their readiness to further develop their partnership and continue exchanging experiences in key areas of central banking operations.
