Regulatory Alerts2022-09-19
Instruction No. 193 on Non-Cash Settlements in the Republic of Tajikistan
The National Bank of Tajikistan issued Instruction No. 193 to establish the legal framework and operational procedures for non-cash settlements in national and foreign currencies across Tajikistan. The regulation defines key financial terms, mandates specific forms of non-cash transactions including payment orders, checks, letters of credit, and electronic instruments, and standardizes the documentation, validation, and processing timelines for credit institutions. It further dictates fund debiting priority queues, electronic authentication requirements, and the precise responsibilities of banks, clients, postal, and transport entities in executing interbank and retail settlements.
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