Speaker of the Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament), Shukurjon Zuhurov, has pointed to the necessity of amending laws regulating the country’s banking system.  He has ordered Tajik central bank head to speed up this process so that infringers could not use any loop-holes in the laws.   

Speaking at the regular sitting of the Majlisi Namoyandagon, Shukurjon Zuhurov noted today that there are variant readings and contradictions in the laws regulating the country’s banking system.

He ordered the head of the National Bank of Tajikistan (NBT), Jamshed Nourmuhammadzoda, to speed up the process of working out draft amendments to the law regulating the country’s banking system in order to remove existing contradictions and variant readings.  

The parliament speaker also noted that some banks accept items as collateral for loan, cost of which is much lower than the loan approved.  “The laws must not allow such loop-holes,” Zuhurov noted.  

Lawmakers unanimously supported the draft law on chattel mortgage and registration of secured obligations in new reading, which had been prepared by the government.  

Meanwhile, Tajik central bank head noted that the government intends to make amendments to a number of laws regulating the country’s banking system in the near future.