DUSHANBE, November 13, 2013, Asia-Plus — The volume of reserve money in Tajikistan’s economy has risen 10 percent in three months to September 30, reaching 4.9 billion somoni, according to the National Bank of Tajikistan (NBT).
In economics, reserve money in a country is defined as the portion of the commercial banks” reserves that are maintained in accounts with their central bank plus the total currency circulating in the public (which includes the currency, also known as vault cash, which is physically held in the banks” vault).
The money turnover rate has reportedly decreased over the third quarter of this year and stood at 7.0 percent, 0.2 percent fewer than in the same period last year.
The rate of the provision of the country’s economy with foreign currency over the first nine months of this year has stood at 23.5 percent, which was 1.6 percent more than in the same period last year.
Bank deposits have reportedly showed an upward tendency over the first three quarters of this year. Tajik central bank reports that bank deposits grew 13.5 percent in a year to September 30, 2013, reaching 5.3 billion somoni.
The volume of cash in circulation in Tajikistan rose 14.8 percent (557.055 million somoni) in a year to September 30, 2013, reaching 3.7651 billion somoni.
Meanwhile, money supply reportedly increased in the country by 1,170,746,000 somoni in a year to September 30, 2013, reaching 9,126,561,000 somoni.
Besides, the remainder of loans provided by Tajik banks rose 37.9 percent in a year to September 30, 2013, reaching 7.1 billion somoni that reflects improvement of functioning of the country’s banking system, Tajik central bank said.
