DUSHANBE, September 26, 2008, Asia-Plus — The 19th two-day session of the council of heads of central (national) banks of member nations of the Eurasian Economic Community (EAEC) opened in Minsk, Belarus yesterday.
Deputy head of the National Bank of Tajikistan (NBT), Ms. Malohat Kholiqzoda, and deputy head of the NBT licensing department, Mr. Shamsiddin Nourov, are representing Tajikistan at the meeting.
According to the NBT press service, the session is considering issues related to legal aspects of regulation of banking activity, harmonization of principles and mechanisms of conducting monetary and currency policy by member nations of the Community, work of loan offices, exchange of experience on system of regular retail and large payments.
The session participants are also discussing training of personnel for central banks, production of token money, development of numismatic market, and fight against coinage offence.
The meeting participants include delegations of central banks of Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, as well as representatives of Kazakhstan’s Agency for Regulation and Supervision of Financial Market and Financial Organizations, Eurasian Development Bank and the EAEC Integration Committee’s Secretariat.
The initial concept of the Eurasian Economic Community was first proposed in October 2000, as a successor to the CIS Customs Union, when Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan signed a treaty on broad economic and trade cooperation. The organization was formally created with the ratification of that treaty in May 2001. The initial five-member group was further expanded in May 2002 when Moldova and Ukraine were granted observer status, and again in April 2003, when Ukraine and Armenia gained observer status. Uzbekistan joined the organization in 2006.
The council of the EAEC central bank heads was established on February 15, 2001. The council is dedicated to coordinate activities of central banks of the EAEC states on the issues of monetary policy, interaction of national banking systems, payment and account relations, currency regulation and currency control.
