Regulatory Alerts2022-09-19
Instruction No. 175 on the Limits of the Maximum Size of the Open Currency Position and the Procedure for Their Calculation for Credit Financial Organizations
The National Bank of Tajikistan issued Instruction No. 175 to establish and regulate the limits on open currency positions for licensed credit financial organizations, defining long, short, and closed positions alongside specific calculation coefficients (K6.1 and K6.2). The regulation mandates daily compliance with caps of 10% for total positions and 8% per currency against regulatory capital, requiring balancing operations to prevent carryover of breaches. It further standardizes monthly reporting procedures, data conversion into somoni at official exchange rates, and supervisory oversight to mitigate currency risks in the domestic market.
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