On December 22, 2014 according to the Decision of the Board of the National Bank of Tajikistan the refinancing rate is increased by 1,1 percentage points and established at the level of 8%.
     This change has been made for effective monetary policy maintenance, preservation of stable level of money in circulation in connection with increase of influences of exchange rate and inflationary pressure to economy which are mainly connected with uncertainty of the world financial markets, and also for prevention of negative external factors on macroeconomic indicators.
    Also, during this day by other Decision of the Board of the National Bank of Tajikistan due to effective monetary policy maintenance and building of trust to the national currency in connection with increase of exchange rate pressure to economy, the volume of legal reserve requirements for deposits in national currency has been decreased on 3 percentage points, and in foreign currency increased on 1 percentage point, which makes 2,0% and 8,0% per annum accordingly.
    According to this Decision all settlements in banking system, which connected with legal reserve requirement shall be governed by this document form January, 1, 2015.

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