Regulatory Alerts2025-02-14
Procedure for Determining the Fitness of Currency and Replacement of Worn Banknotes and Coins
The National Bank of Tajikistan issued this regulation to establish the criteria for determining the fitness of banknotes and coins and the procedures for replacing worn currency. It defines specific physical defects that render currency unfit for circulation, sets minimum area thresholds for accepting damaged notes for exchange, and mandates that financial institutions maintain technical devices to verify authenticity and fitness. The document further outlines the responsibilities of the central bank and commercial banks to ensure only fit currency remains in circulation and directs suspicious items for expert examination.
Share