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National Bank Of Tajikistan
The National Bank of Tajikistan (russian: Национальный банк Таджикистана; tg, Бонки миллии Тоҷикистон) is the central bank of Tajikistan. The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. Deposits in the National Bank of Tajikistan during the first half of 2013 were $1.09 million, an increase of more than 17% compared to the same period in 2012. The National bank has been well known locally to only have family of the president in the senior positions, and as result has led to nepotism and funding directed for the family of the president. Chairmen * Tukhtaboy Gafarov, 1991 - 1992 * Kayum Kavmiddinov, May 1992 - 1996 * Murodali Alimardon, December 1996 - January 2008 * Sharif Rahimzoda, January 2008 - January 2012 * Abdujabbor Shirinov, January 2012 - May 2015 * Jamshed Nurmahmadzoda, May 2015 - November 2020 *Hokim Kholiqzoda, November 2020 - See also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharif Rahimzoda
Sharīf ( ar, شريف, 'noble', 'highborn'), also spelled shareef or sherif, feminine sharīfa (), plural ashrāf (), shurafāʾ (), or (in the Maghreb) shurfāʾ, is a title used to designate a person descended, or claiming to be descended, from the family of the Islamic prophet Muhammad ( ). It may be used in three senses: #In the broadest sense, it refers to any descendant of Muhammad's great-grandfather Hashim (the Banu Hashim or Hashimites, already in Muhammad's day an established clan within the Meccan tribe of the Quraysh), including all descendants of Muhammad's paternal uncles Abu Talib (the Talibids) and al-Abbas (the Abbasids).. #More often, it refers to a descendant of Ali, a son of Abu Talib and a paternal cousin of Muhammad (the Alids), especially but not exclusively through Ali's marriage with Muhammad's daughter Fatima (the Fatimids). In this sense, the most common one, the term effectively refers to all descendants of the prophet. #In its narrowest sense, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1991
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tajik Somoni
The somoni ( tg, cомонӣ, ISO 4217 code: TJS; abbreviation:SM) is the currency of Tajikistan. It is subdivided into 100 dirams ( tg, дирам). History The somoni was introduced on 30 October 2000, replacing the rouble, at the rate of SM 1 = 1,000 Rbls. One somoni is divided into 100 dirams. Diram banknotes were first introduced on 30 October 2000, and coins were later introduced in 2001 with the intention of creating a more efficient monetary system and gradually replacing the diram notes. This was also the first time circulating coins were used in Tajikistan since independence in 1991. Coins Circulation coins, first issued in 2001, were struck in denominations of 5, 10, 20, 25, and 50 dirams composed of brass-clad steel and SM 1, SM 3, and SM 5 struck in nickel-clad steel. Bimetallic SM 3 and SM 5 coins were first released in 2003. The reverses of all somoni coins are changed annually and commemorate various events. A second issue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Tajikistan
The economy of Tajikistan is dependent upon agriculture and services. Since independence, Tajikistan has gradually followed the path of transition economy, reforming its economic policies. With foreign revenue precariously dependent upon exports of cotton and aluminium, the economy is highly vulnerable to external shocks. Tajikistan's economy also incorporates a massive black market, primarily focused on the drug trade with Afghanistan. Heroin trafficking in Tajikistan is estimated to be equivalent to 30-50% of national GDP as of 2012. In the fiscal year (FY) 2000, international assistance remained an essential source of support for rehabilitation programs that reintegrated former combatants of the Tajikistani Civil War into the civilian economy, thus helping maintain the peace. International assistance also was necessary to address the second year of severe drought that resulted in a continued shortfall of food production. Tajikistan's economy grew substantially after the war. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
