The cooperation agreement is signed

On September 3, 2015 in the National Bank of Tajikistan has taken place meeting of Mr. Jamshed Nurmahmadzoda, Chairman of the National Bank of Tajikistan with Mr. Zhou Siaochuan, Chairman of the People’s Bank of China.

First of all, it should be noted that two-day visit of Mr. Zhou Siaochuan, Chairman of the People’s Bank of China (which national economy is the second world economy) once again testifies good neighbor relations and their attention to the Republic of Tajikistan.

In the beginning of the meeting Mr. Jamshed Nurmahmadzoda, Chairman of the National Bank of Tajikistan has introduced visitors with an economic situation of the country, including banking system and has noticed that despite financial crisis which has covered all world, economic indicators in various sectors, agriculture and banking system of the Republic Tajikistan were appreciable.

During speech, Mr. Jamshed Nurmahmadzoda has noted with satisfaction that mutually beneficial cooperation in future will strengthen banking sector of the Republic of Tajikistan.

In turn, Mr. Zhou Siaochuan, Chairman of the People’s Bank of China during his speech declared that growth of economy of the Republic of Tajikistan deserves attention especially during such difficult period. Also, he has noticed that during financial crisis as a result of acceptance of timely effective measures none of financial institutions and also other sectors of national economy of the People's Republic of China have not suffered losses. For last years in the world financial markets, the rate of Yuan strengthened its position as the financial market of the country is under the constant control.

In the end of Mr. Zhou Siaochuan’s speech he has added that the People’s Bank of China hopes for effective bilateral cooperation with the National Bank of Tajikistan, credit organizations and financial institutions of the Republic of Tajikistan and will apply best efforts for realization of cooperation projects.

After concluding meeting, solemn ceremony of signing of SWAP operations agreement has taken place that is an exchange of one national currency to other national currency. The document which term makes three years has been signed in the presence of heads of banks of the republic by the Chairman of the National Bank of Tajikistan Mr. Jamshed Nurmahmadzoda and Chairman of People’s Bank of China Mr. Zhou Siaochuan.    

According to three-year agreement People’s Bank of China will provide to the National Bank of Tajikistan 3,0 billion Yuan which is equivalent to USD 500 million.

Press-service  
NBT