Meeting with World Bank representatives

Review of economic growth in Europe and Central Asia, unstable growth of economy in these regions and prospects of strengthening of mutual cooperation of this financial organization with the National Bank of Tajikistan have been discussed on October 29, 2015 during meeting of the management of the NBT with delegation of the World Bank under the guidance of Mr. Hans Timer, Senior Economist, Regional Management of the World Bank on Europe and Central Asia.

During meeting, parties have exchanged opinions concerning analysis of oil prices, real exchange rate, adaptation to the new low oil prices and maintenance of target measures for social support of the population.

In this regard, Mr. Jamoliddin Nuraliev, First Deputy Chairman of the National Bank of Tajikistan has informed that with the account of stabilization of situation in the market of sale and purchase of cash US dollar and for the purpose of transition to uniform system of the exchange rate, rate of sale and purchase of cash US dollar under instructions of the National Bank will be established by the credit organizations.

He has noticed that the purpose of introduction of new mechanism of cash rate fixing are decrease in exchange difference between rates, prevention of essential difference of incomes of speculative operations, regulation and maintenance of transparent activity of exchange bureaus of credit organizations and gradual transition to uniform system of the exchange rate.

Views on positive and negative sides of gradual transition to the uniform exchange rate, maintenance of perspective and steady activity of the internal currency market and stabilization of national currency rate was stated by Mr. Hans Timer and other members of the World Bank delegation.

In the end of meeting parties have come to opinion that in near future for social support of population and activation of financial market activity will be offered new and long-term plans.

Press-service  
NBT