Tajik Air and Sozidaniye LLC allowed providing special services for foreign currency

Asia-Plus

Tajik national air carrier Tajik AIR and Closed Joint-Stock Company (CJSC) Sozidaniye LLC have been granted licenses to provide special services for foreign currency.  The licenses have been granted to them for three years.  

The Department for International Reserves Management and Exchange Rate Policy of the National Bank of Tajikistan (NBT) has been ordered to put Tajik Air and Sozidaniye Business Center on the relevant registry. 

Under Tajikistan’s law on currency regulation and currency control, the following types of activities on carrying out foreign currency related transactions require a license issued by the government: 

 

– duty free shops;

 – special services in foreign currency;

– currency exchange offices of authorized persons;

– mediation in the international foreign exchange market. 

 

Tajik Air is an airline in Tajikistan.  It has its head office at Dushanbe International Airport in Dushanbe. The airline's main hub is at Dushanbe International Airport; in the past, it had also retained a secondary focus city at Khujand's Airport.  The first flight of the airline was from Bukhara to Dushanbe on September 3, 1924 by a Junkers F.13 aircraft, initiating the development of civil aviation in Tajikistan.

 Tajik Air has been in a poor financial state in recent years.  On January 14, 2019, Tajik Air suspended all operations until November 2019.  The airline has since restarted operations.

Sozidaniye LLC is owner of the Sozidaniye Business Center and the Hyatt Regency Hotel that are located in Dushanbe.  The Tajik Aluminum Company (TALCO) reportedly purchased them from Russian aluminum giant, United Company Russian Aluminum (RusAl). 

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