The exchange rates of the dollar and the euro against the Tajik national currency, the somoni, are continuing to decline.
On June 15, the National Bank of Tajikistan set an official exchange rate of the somoni (TJS) against the dollar (USD) at 11.02:1 (nearly 1.0-percent decline compared to June 14, when the official exchange rate of TJS against USD was set at 11.14:1).
Meanwhile, the current grey market buying exchange rate of TJS against USD is 11.09:1 and its current grey market selling exchange rate against USD 11.1:1
The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency.
The exchange rate of the euro against the somoni is also unstable. An official exchange rate of the euro against the somoni set by the BNT on June 15 is 1:11.52 (little more than 1.0-percent declined compared to June 14, when the official exchange rate of the euro against the somoni was set at 1:11.65).
It is to be noted that the trend towards an increase in the exchange rate of the somoni against the dollar and the euro has continued since mid-April.
far as the exchange rate of the Russian ruble against the somoni is concerned, it remains unchanged – 1:0.177.
A sharp volatility in the foreign exchange market of Tajikistan has been observed after imposition by the Western countries of sanctions on the Russian Federation due the so-called “special military operation” launched by Russia in Ukraine on February 24.
Experts note that because of a strong socio-economic dependence of Tajikistan on Russia, the somoni is actually pegged to the Russian ruble, and what will happen to the Russian currency after a certain time will affect the Tajik currency.
An official exchange rate of the Russian ruble against the dollar set by the Central Bank of Russia on June 15 is 57.0926:1.
