Tajik national currency fell 2.5 percent against USD in H1 2016

DUSHANBE, July 5, 2016, Asia-Plus — The national Tajik currency, the somoni, has lost 12.5 percent of its value against the dollar over the first six month of this year. According to data of the National Bank of Tajikistan (NBT), the rate on December 31, 2015 was 6.99 somoni to US$1.00, while on June 30, […]

Asia-Plus

DUSHANBE, July 5, 2016, Asia-Plus — The national Tajik currency, the somoni, has lost 12.5 percent of its value against the dollar over the first six month of this year.

According to data of the National Bank of Tajikistan (NBT), the rate on December 31, 2015 was 6.99 somoni to US$1.00, while on June 30, 2016, the rate was 7.868 somoni to US$1.00.

It should be noted that Tajikistan saw the sharp currency devaluation in January.  The somoni fell 12.2 percent against the dollar in January.

In February, the somoni lost only 0.3 percent of its value against the dollar — from 7.8424:1 to 7.8696:1.

During the next months, the somoni even became a little bit stronger against the dollar – by 0.12 percent (0.0016 somoni).

Meanwhile, the somoni has fallen 14.3 percent against the Euro (from 7.6389:1 to 8.7335:1) and 15.7 percent against the Russian ruble (from 0.1031:1 to 0.1193:1) over the same six-month period.

An official rate of the somoni against the dollar set by Tajik central bank decreased by 31.7 percent during the last year – from 5.3074:1 o January1, 2015 to 6.9902:1 on December 31, 2015.     

 

Article translations:

Related Article

Оби зулол

Most Read

Join us on social media!

Aura

Recent Articles

Sanctions lifted: Dushanbe City Bank resumes international operations

The bank is returning to full-scale international operations.

Gasoline and diesel fuel in Dushanbe rose in price by 8.9% due to the war in the Middle East

The rise in global oil prices and, consequently, the cost of petroleum products has triggered the closure of the Strait of Hormuz.

The Ministry of Labor organizes consultations for migrants returning from Russia at Dushanbe airport

Employees of the Migration Service explain the requirements of Russian legislation and offer job vacancies in their homeland.

Tajikistan and Uzbekistan discuss simplification of customs procedures and implementation of VIN.TJ system

The VIN.TJ system is designed to simplify the process of vehicle registration and control.

Tajikistan climbs four places in the global fixed internet speed ranking

This is the country's best performance in the past five years.

President of Tajikistan launches hydro unit No. 7 at Nurek HPP

As of today, three units have been completely replaced at the country's largest hydroelectric power station.

Italian Opera in Dushanbe: Shohrukh Yunusov invites to an evening of musical revelations

The evening will feature the most recognizable Italian works alongside world and Tajik classics.

The European Union lifts sanctions on Tajik banks

This is attributed to successful reforms and improved financial transparency in the country.

Meta announced plans to lay off about 10% of its staff

The reason cited is the high costs of artificial intelligence development.