The National Bank of Tajikistan (NBT) is the country's bank charged with implementing a monetary policy and issuing currency. It was formally established as the central bank in 1991. Commercial and state banks include the Bank for Foreign Investment, three large banks formed from the former Soviet state bank, and three branches from the Russian Commercial Bank. The Law on Banks and Banking Activities, adopted in February 1991, allows banks to compete for resources freely (including the setting of deposit rates) and lifts specialization boundaries. However, competition is very limited. Under IMF pressure, the Tajik government is now seeking to introduce tighter regulation over the banking sector.
There is no securities exchange.