Abu Dhabi, December 14, 2024 – The Europe Today: Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Tolibzoda Firdavs Nazrimad, Chairman of the National Bank of Tajikistan (NBT), have signed a Memorandum of Understanding (MoU) to strengthen bilateral ties and establish a robust framework for collaboration in the banking and financial sectors.
The MoU outlines several key areas of cooperation, including the exchange of information, sharing of technical expertise, and the development of banking systems. It also aims to facilitate efficient banking transactions, promote discussions on banking laws and regulations, and exchange best practices to support the growth of both nations’ financial sectors.
Highlighting the strategic importance of the agreement, Khaled Mohamed Balama stated, “The MoU embodies the strength of the economic partnership between the UAE and the Republic of Tajikistan, and the significant opportunities for trade, investment, and financial development. This agreement underscores our proactive approach towards collaborative efforts and expanding international partnerships. By broadening the scope of joint initiatives and business opportunities in the financial and banking sectors, we aim to support the economic, commercial, and investment goals of both countries.”
Echoing these sentiments, Tolibzoda Firdavs Nazrimad remarked, “The UAE is one of Tajikistan’s key partners in trading and investment. The cooperation between the CBUAE and the National Bank of Tajikistan reinforces our commitment to strengthening bilateral relations and expanding economic opportunities. We will continue to work with the CBUAE to achieve common objectives that promote sustainable development and economic prosperity for both nations.”
The MoU is expected to foster deeper collaboration between the two countries and bolster their banking and financial systems. It also reflects the growing economic partnership between the UAE and Tajikistan, laying a strong foundation for sustainable development and mutual economic prosperity.
