Under the amnesty law

Published: 29 June 2003 y., Sunday
Tajikistan’s National Bank reported on June 18 that it legalized $187 million worth of unofficial currency, along with over one million rubles and 61,000 euros, during an amnesty between April 1 and June 10. Most money came during what was scheduled as the amnesty’s last few days, according to bank spokesperson Rahmatsho Dodkhudoyev. According to him, the treasury collected $40 million and 20 million Tajik somoni, equivalent to about $6.5 million, in this window. Bankers asked the government to extend the amnesty period after this influx. In late May, Rahmonov extended the term until June 10. Zafar Saidov, the president’s press secretary, says this move aimed to open the process to "many citizens and entrepreneurs who by some reason decided to legalize their ‘shadow’ financial means literally on the eve of the deadline." Under the amnesty law, any Tajikistani citizen could freely enter funds into accounts at one of eight major commercial banks without paying fines or taxes. National Bank officials assured that those charged with capital-related crimes would get a clean slate and that all participants would get their (now legal) money back as soon as officials processed the results.
Šaltinis: eurasianet.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Simulation technology could help prevent future financial crises

How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy? more »

EBRD supports one of the first modern food retail chains in Turkmenistan

The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar. more »

Ukrainian electricity to be supplied to Lithuania without intermediaries

While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area. more »

Cooperation between the Nordic Investment Bank and Lithuania was discussed in Vilnius

On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country. more »

EBRD adopts new Russia Strategy for 2010-2012

The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation. more »

Made in where? MEPs want clear rules on origin marking

Consumer protection requires transparent and consistent trade rules, believe MEPs. more »

EIB provides CZK 2 billion for regional infrastructure in South Moravia (Czech Rep.)

The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013. more »

Israel-Lithuania Chamber of Commerce Established

Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania. more »

Dr. J.Titarenko appointed as Chief Financial Officer of Bank DnB NORD Group

AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group. more »

Financial aid for Serbia, Bosnia, Armenia and Georgia

Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia. more »