Dushanbe. 31 August. “Asia Plus” — The issue of establishing a SWAP mechanism (multi-period exchange of payments in the national currencies of the two countries) is discussed between the National Bank of Tajikistan and the People”s Bank of China.
As reports the press service of the NBT, the PBC working group has arrived in Dushanbe on Sunday with a four-day visit.
For development the cooperation with the banking system of Tajikistan, 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 delegation of PBC led by the Head of the bank Zhou Xiaochuan will arrive in Dushanbe. During the visit it is planned to sign a SWAP agreement between the NBT and the PBC.
The negotiations on the involvement of credit funds of the People”s Bank of China by the National Bank of Tajikistan (the equivalent of $ 500 million) began at the end of May this year.
Earlier, the National Bank said that the funds will not have to do with the external public debt of Tajikistan. “These funds will be involved not under the state guarantee”, – stressed in the controller.
The NBT stressed that the involvement of credit of the People`s Bank of China will be implemented on a SWAP basis, the alleged multi-period exchange of payments in the national currencies of the two countries.
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.
