Approved by Board of National Bank Tajikistan of September 30, 1998 No. 28

Regulations on departments of National Bank of Tajikistan

1. General provisions

1. The National Bank of Tajikistan with subordinated departments is the Central, issuing, reserve bank of the Republic of Tajikistan and enters general bank system of the Republic of Tajikistan.

2. Departments of National Bank of Tajikistan provide carrying out single policy of the state in the field of currency circulation, the address of foreign currency and currency transactions, crediting, calculations, cash transactions, exercise supervision of activities of commercial banks and their branches, and also other credit institutions.

For this purpose departments of National Bank of Tajikistan:

- participate in project development of the forecast of economic and social development, budgets, balances of cash incomes and expenses of the population of the corresponding territories;

- perform the analysis of the financial market, increase in efficiency and rational use of all types of resources by commercial banks;

- prepare and perform together with financial bodies, regional authorities, commercial banks and their branches on places of action for strengthening of currency circulation, stabilization of the national currency rate;

- provide carrying out with common currency of policy and preserving currency resources, and also coordination of activities of authorized banks in realization of practical measures on strengthening of bank impact on ensuring foreign economic relations of the mode of rational, economical and target use of currency means with participants, increases in inflow of currency resources;

- constitute forecast calculations of cash turnovers for the corresponding territories;

- will organize acceptance and delivery of cash liquidity and other values of commercial banks based on the agreement through collectors of cartage department;

- analyze accomplishment of forecasts socially - economic development in the respective regions in coordination with cash incomes and expenses of the population and cash turnover;

- perform the analysis of condition of credit resources in general on the territory and by commercial banks or their branches, and also efficiency of use of the centralized resources provided to commercial banks;

- prepare and represent the conclusions concerning feasibility of creation of commercial banks in the corresponding territory, and also opening of their branches and representations and issue of the license for banking operations to them in foreign to currency;

- will organize and perform cash execution of the State Budget of the Republic of Tajikistan according to the procedure, established by National Bank of Tajikistan and the Ministry of Finance of the Republic of Tajikistan. Constitute at the scheduled time reports on cash execution of the State Budget of the republic on the corresponding territories and represent them on subordination;

- perform it is settlement - cash servicing of commercial banks, other credit institutions and their branches, the Tajik Interbank currency exchange and its branches through their correspondent accounts opened for them in organizations of National Bank of Tajikistan;

- provide in accordance with the established procedure requirements of commercial banks for national currency based on their requests;

- conduct constant control behind improvement quality of the issued cash in the address;

- will organize calculations between banks in the republic;

- keep financial accounting and constitute the reporting under the executed transactions, under crediting, currency circulation and calculations, under currency transactions;

- constitute daily and monthly balances, profits and loss statements, the annual statement of department of National Bank of Tajikistan;

- carry out together with commercial banks, Department of calculations of National Bank of Tajikistan works on automation of banking activities on the basis of use of modern means of the computer equipment;

3. Departments of National Bank of Tajikistan are not legal entities, have no own balance and the separate settlement account.

4. Departments of National Bank of Tajikistan carry out work on improvement of quality of the transmitted data, timely delivery together with Department of calculations of National Bank of Tajikistan, commercial banks and their branches is settlement - cash documents, reporting documents from commercial banks in Department of calculations according to fixed terms.

5. Departments of National Bank of Tajikistan provide supervision of activities of commercial banks, their branches and other credit institutions in the corresponding territory, will organize holding joint seminars, meetings and other actions for questions of credit regulation, crediting, calculations, currency circulation, currency control and currency exchange control and to other questions of bank work.

6. Departments of National Bank of Tajikistan according to the law and regulations of National Bank of Tajikistan perform check of the commercial banks and their branches and other credit institutions located in the corresponding territory.

Within powers provided to them by the Provision "About Procedure for Establishment and Application by National Bank of Tajikistan and Its Organizations on Places, Penalties against Banks" apply penalties against the banks and other credit institutions violating the bank law, regulations and instructions of National Bank of Tajikistan.

7. Departments of National Bank of Tajikistan have the right:

- receive from the commercial banks, their branches and other credit institutions located in the corresponding territory, the reporting and other materials necessary for creation of forecast calculations of cash turnovers, credit resources, the analysis of their execution and implementation of single state policy in the field of currency circulation, crediting, calculations and currency transactions;

- receive in accordance with the established procedure from the relevant republican and local authorities of Goskomstat according to the existing state reporting the data necessary for the analysis monetary - credit relations, execution of credit and cash forecasts;

- will organize, control and provide it is settlement - cash and issued work on currency circulation, the address of foreign currency and currency transactions, cash execution of the State Budget, accounting - operational work, work on enhancement of banking technology using modern computer aids and telecommunication;

- develop forecast calculations for cash turnovers and credit resources, provide control of their accomplishment, perform regulation of cash resources according to established procedure and tasks of National Bank of Tajikistan;

- will organize and provide the proper storage and complete safety of all values which are in departments of National Bank of Tajikistan;

- provide accomplishment of the obligations assigned to National Bank of Tajikistan on conducting transactions on cash execution of the State Budget of the republic, according to established procedure;

Departments of National Bank of Tajikistan can have also other rights granted to them by National Bank of Tajikistan.

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