DUSHANBE, March 3, 2014, 2014, Asia-Plus – Auditors from the Accounts Chamber of Tajikistan are expected to complete the inspection of activity of the National Bank of Tajikistan (NBT) by March 20, the NBT press center reports.

The inspection that was launched last month is being held in accordance with the endorsed plan based on the country’s laws on the Accounts Chamber and the National Bank of Tajikistan, an official source at Tajik central bank told Asia-Plus in an interview.

The National Bank of Tajikistan is the central bank of Tajikistan.  The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.

Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament passed the law on the establishment of the Accounts Chamber on June 1, 2011.  This government institution reportedly controls revenue and expenditure parts of the national budget, off-budget funds and investments coming in the country’s economy from abroad.  The Accounts Chamber was reportedly established to tighten control of finances as well as conduct audit and assess the national budget.  The Accounts Chamber is accountable to the President and the Parliament.  The Majlisi Namoyandagon elects chief auditors of the Chamber of Accounts upon the recommendation of the President; chief auditor may be elected to not more than two seven-year terms.