Firdavs Tolibzoda meets Salem Al-Harmi

On September 29, 2023, Deputy Chairman of the National Bank of Tajikistan Tolibzoda Firdavs held a meeting with Salem Al-Harmi, Head of the Sector of Communication with Governmental Organizations and Non-Banking Accounts of the Central Bank of the United Arab Emirates (UAE).

At the outset, Firdavs Tolibzoda welcomed the UAE representative to the NBT and stated that today's meeting creates a favorable basis for consolidating the multifaceted strengthening of interaction between the two countries.

Firdavs Tolibzoda emphasized that the Republic of Tajikistan has created good conditions and an appropriate regulatory framework for attracting direct investment, as well as for the free, unhindered activity of foreign investors in the economic sphere, including the banking system.

Mr. Salem Al-Harmi expressed his gratitude for the warm welcome and interest in establishing bilateral fruitful cooperation, as well as investment opportunities in the spheres of economy, including the banking system. He noted that the visit of the UAE entrepreneurs and investors to follow up the process of implementation of the documents on cooperation signed by the entrepreneurs of the two countries during the Dushanbe International Investment Forum - 2023 would give a new impetus to the strengthening of bilateral trade ties.

During the meeting, the two sides discussed issues related to the opening of representative offices and branches of UAE banks in the Republic of Tajikistan, the possibility of making investments in the capital of Tajikistan banks by Emirati entrepreneurs, Islamic banking, opening correspondent accounts. In addition, the sides highlighted the establishing cooperation between the central banks of the UAE and the Republic of Tajikistan in various areas of the banking system, including exchange of information and studying the UAE experience in the field of Islamic banking.

As Firdavs Tolibzoda noted, attracting capital is one of the important issues, and cooperation with UAE in this direction is very necessary for implementation of a number of projects and investing in banking and insurance sphere.

In addition, the parties drew attention to the implementation of mutually beneficial cooperation between the central banks of the UAE and the Republic of Tajikistan and the signing of a new draft Memorandum of Understanding on the exchange of information and experience between the central banks.

In conclusion, the sides expressed their willingness to expand further mutually beneficial cooperation.

NBT Press Division