At a gathering marking Constitution Day, Firdavs Tolibzoda, chairman of the National Bank of the Republic of Tajikistan, reviewed the Constitution’s role in developing the country’s banking system. His address also covered the central bank’s responsibilities for monetary policy, price stability, steady growth in the money supply and banking system stability. Adopted by national referendum on Nov. 6, 1994, the Constitution, alongside state independence, provided the legal and institutional foundations for a modern banking system. The review highlighted the establishment of the central bank, monetary reforms and the development of an independent banking system integrated into the international financial system.
National Bank of the Republic of Tajikistan reviews banking system’s constitutional foundations at Constitution Day gathering
At a Constitution Day gathering, National Bank of the Republic of Tajikistan Chairman Firdavs Tolibzoda discussed how independence and the Constitution underpinned the development of the country’s banking system. His address also reviewed the central bank’s role in monetary policy and its responsibilities for price and banking stability.