Regulatory Alerts2025-05-29
Instruction No. 262 on Mandatory Reserves of Credit Organizations for Savings and Other Similar Obligations
The National Bank of Tajikistan issued Instruction No. 262 to establish the mandatory reserve requirements for credit organizations regarding savings and similar obligations, aiming to protect depositors' rights and maintain banking system liquidity. The Instruction defines the reserve base calculation methods, reporting procedures, and accounting treatments for both national currency (somoni) and foreign currencies, specifying deposit timelines, ratio compliance checks, and corrective measures for non-compliance. It further outlines the operational calendar for reserve fulfillment, cross-border currency adjustments, and the utilization of deposited reserves upon license revocation.
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