In a significant step towards enhancing bilateral relations, Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Tolibzoda Firdavs Nazrimad, Chairman of the National Bank of Tajikistan (NBT), signed a Memorandum of Understanding (MoU) aimed at fostering cooperation across various sectors, particularly banking and finance.
The MoU outlines a framework for collaboration in areas such as information exchange, expertise sharing, and the development of both nations' banking systems. The agreement focuses on facilitating efficient banking transactions, discussing best practices, and aligning banking regulations. Additionally, technical expertise will be shared to bolster the financial landscape in both countries.
During the signing ceremony, Balama emphasized the strategic importance of the agreement, stating,
"The MoU embodies the strength of the economic partnership between the UAE and the Republic of Tajikistan, creating significant opportunities for trade, investment, and financial development."
He expressed optimism about expanding international partnerships and supporting mutual economic goals.
Nazrimad echoed these sentiments, acknowledging the UAE's role as a key partner for Tajikistan in trade and investment. He highlighted that the cooperation between the two central banks reinforces their shared commitment to sustainable development and economic prosperity.
"We will continue to work with the CBUAE to achieve common objectives that promote growth for both nations,"
he said.
This MoU marks a crucial milestone in strengthening ties between the UAE and Tajikistan, setting the stage for further economic collaboration and growth.
News Source: Emirates News Agency
