Juraev Behzod Mashrafovich

Annotation: 

The article examines the purpose of the NBT as a regulator of the banking system. NBT develops and implements monetary policy to achieve its main goal. The levers of monetary policy implementation were studied, the advantages of inflation targeting policy were noted. At the same time, a comparative analysis of the goals of central banks of developed countries and countries of the former Soviet Union was carried out. Based on the analysis, the National Bank of Tajikistan was recommended to improve its tasks and adapt them to modern conditions, using the best practices of central banks. It is proposed to improve as additional objectives of the National Bank of Tajikistan: (1) ensuring financial stability, (2) stimulating the development of the financial market, (3) assessing and preventing risks in the financial system, (4) promoting consumer protection and social development.

Keywords: central bank, banking system, monetary policy, inflation, inflation targeting, financial stability, refinancing rate.