The National Bank of the Republic of Tajikistan reported on the eleventh meeting of Tajikistan’s National Financial Stability Council, held at the central bank and chaired by the Minister of Economic Development and Trade. The Council reviewed follow-up to decisions from its tenth meeting and adopted further decisions focused on developing the government securities market, expanding non-cash payments and advancing the digital economy as part of efforts to support financial stability. Discussion covered the financial position of social insurance and pensions, key elements of the balance of payments including exports and imports and the financing of the current and financial accounts, and proposals to widen the government securities market. Members also examined implementation of the action plan for Presidential Decree No. 586 of 22 June 2023 on expanding non-cash payments across ministries and agencies, and the role of the Digital Economy Development Programme in supporting financial stability, against a backdrop of external risks such as heightened sanctions, financial market uncertainty and increasing climate risks. The release also reiterated that the National Financial Stability Council is a permanent interagency advisory body established by a government decision of 21 June 2018.
National Bank of the Republic of Tajikistan 2026-03-05
National Bank of the Republic of Tajikistan convenes Financial Stability Council and adopts measures on government securities, non-cash payments and digital economy
The National Bank of the Republic of Tajikistan reported on the eleventh meeting of the National Financial Stability Council, focusing on developing the government securities market, expanding non-cash payments, and advancing the digital economy. Discussions included the financial position of social insurance and pensions, balance of payments, and implementing Presidential Decree No. 586 on non-cash payments. The Council addressed external risks like sanctions, financial market uncertainty, and climate risks.