Regulatory Alerts2022-09-19
Added · Updated
Instruction No. 251 on the Scope of Use, Procedures for Foreign Currency Circulation, and Rules for Issuance and Revocation of Licenses for Foreign Exchange Operations in the Republic of Tajikistan
The National Bank of Tajikistan issued Instruction No. 251 to regulate the scope of foreign currency usage, circulation procedures for residents and non-residents, and the licensing framework for foreign exchange activities. The instruction mandates that all prices and tariffs within the country must be displayed in the national currency, somoni, while permitting specific exceptions for licensed foreign exchange operations and special services. It establishes strict requirements for obtaining, maintaining, and potentially revoking licenses, alongside detailed operational rules for legal entities, individuals, and authorized banks to ensure compliance with anti-money laundering and counter-terrorism financing laws.
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