According to Amac News: The purpose of this memorandum of understanding is to strengthen bilateral relations and create a solid framework for cooperation in various fields, including information exchange and experience sharing.
Based on this memorandum of understanding, the two parties will cooperate to help develop the banking and financial system, facilitate more efficient banking transactions, exchange information on best practices, review banking laws and regulations, and exchange technical expertise.
This memorandum of understanding was signed between Khaled Mohammad Balama, the governor of the Central Bank of the United Arab Emirates and Tolibzoda Firdavs Nazrimad, Chairman of the National Bank of Tajikistan.
At the signing ceremony of this memorandum, Balama pointed out its strategic importance and said that this agreement represents the strength of the economic partnership between the UAE and Tajikistan and significant opportunities for trade, investment and financial development.
The head of the National Bank of Tajikistan also pointed out the importance of the UAE as one of the key partners of Tajikistan in the field of trade and investment and said that the cooperation between the CBUAE and the National Bank of Tajikistan emphasizes their commitment to strengthening bilateral relations and expanding economic opportunities.