The National Bank of Tajikistan (NBT) is seeking investment from the Central Bank of the United Arab Emirates (UAE).
The NBT press center says the First Deputy Chairman of the National Bank of Tajikistan, Firdavs Tolibzoda, on September 29 met here with Salem Al Shirawi Al Harmi, Senior Manager at the Central Bank of the UAE.
The parties reportedly discussed issues related to the potential development of Islamic banking in Tajikistan, the establishment of correspondent accounts, and the collaboration between the central banks of the UAE and Tajikistan in various areas of the banking sector, including the exchange of information and the study of the UAE's experience in the field of Islamic banking.
During the meeting, Tolibzoda noted that Tajikistan has created favorable conditions for attracting foreign direct investments and enhancing the activities of foreign investors in the country.
For his part, Salem Al Shirawi Al Harmi reportedly noted that the UAE Central Bank has expressed its interest in fostering mutually beneficial economic ties, including investment cooperation, with Tajikistan.
He noted that the visit of entrepreneurs and investors from the UAE would provide fresh impetus to strengthen bilateral trade relations and facilitate the implementation of cooperation agreements between the business communities of both countries, which were signed during the Dushanbe International Investment Forum 2023, which took place on September 29–30.
The National Bank of Tajikistan is the central bank of Tajikistan. The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.
The Central Bank of the United Arab Emirates is the state institution responsible for managing the currency, monetary policy and banking regulation in the United Arab Emirates. The Central Bank of the UAE has powers to issue and manage the currency; to ensure the stability of the currency; to manage the UAE's credit policy; to develop and oversee the banking system in the UAE; to act as the Government's banker; to provide monetary and financial support to the Government; to manage the UAE's gold and currency reserves; to act as the lender of last resort to banks operating in the UAE; and to represent the UAE in international institutions such as the International Monetary Fund, the World Bank and the Arab Monetary Fund.
