IMF: Transition from monetary targeting to inflationary targeting

Today, on April 14, 2017, presentation of representatives of the International Monetary Fund on “Transition from monetary targeting to inflationary targeting” has taken place in the National Bank of Tajikistan. Mr. Abdul Naseer – Chief of Mission, Senior Economist, IMF made presentation, addressing the audience.

Mr. Jamoliddin Nuraliev, Deputy Chairman of NBT, Mr. Sirojiddin Ikromi, Deputy Chairman, and also executives and staff of structural subdivisions of NBT participated on presentation.

The given presentation primarily has been devoted to strengthening of development and realisation trend of an effective monetary policy for transition to a new mode of a monetary policy - inflationary targeting.

During presentation issues of monetary policy development and central banks’ contribution in its development, its realisation towards state authorities, external influence on the monetary policy and prevention of unexpected situations, realisation of an effective monetary policy whilst conducting of reforms, communications leading role in strengthening of a monetary policy have been considered.

Regarding discussion heads of structural subdivisions of the National Bank of Tajikistan have paid attention to problems of a monetary and exchange policy, strengthening of instruments, including use of interest-bearing instrument of monetary policy, activity of the interbank market.

In the end of meeting Mr. Jamoliddin Nuraliev, Deputy Chairman of NBT has greeted IMF Mission, which has visited the National Bank of Tajikistan in the frame of technical assistance, supporting continuations of the given step on long-term prospect.

It is necessary to note that representatives of the International Monetary Fund consisting of Mr. Abdul Naseer – Chief of Mission, Senior Economist, IMF, Ms. Mariam El Hamiani Khatat, Senior Economist, IMF, Mr. Giorgi Barbakadze, Mr. Erwin Nierop and Mr. Raul Alvarez del Castillo in the frame of technical assistance are on a visit in NBT from April 4 till April 19, 2017 where together with specialists continue cooperation in sphere of development of monetary policy.

Press-division  
NBT