The international reserves of the National Bank of Tajikistan at the end of the first half of this year amounted to 6.9 months of import coverage, the head of the Tajik regulator Khokim Kholikzoda said on August 11 at a press conference in Dushanbe.
The average monthly volume of Tajikistan's imports in the first half of this year, according to the country's statistical office, amounted to $456 million.
Holikzoda noted that part of these reserves, if necessary, is directed to support the exchange rate of the national currency, and if necessary, these reserves are increased by purchases in the relevant markets.
In general, he stressed, the international reserves of the National Bank exceed the sufficiency standards defined for countries with a level of development like Tajikistan (developing countries with lower-middle income – author's note).
Earlier, at the beginning of this year, Holikzoda reported that 86% of the NBT's international reserves are foreign exchange, including SDR (Special Drawing Rights – reserve and means of payment of the International Monetary Fund).
He stressed that the Euro and the Chinese Yuan were also included in the structure of international reserves last year.
Holikzoda noted that monetary gold in the reserves of the National Bank is 12%, and the external investment portfolio is 2%.
A World Bank report, published in early July this year, states that a large inflow of foreign currency to Tajikistan due to remittances from migrant workers contributed to an increase in the country's gold and foreign exchange reserves.
It is noted that in 2022, the republic increased these reserves by 37% – "to about $3.8 billion."
It should be noted that in Tajikistan, along with the National Bank, the Ministry of Finance also has its own gold and foreign exchange reserves.
The currency part of the international reserves of the countries of the world consists of the so-called "reserve currencies". The reserve currency status is assigned by the Board of Directors of the International Monetary Fund.
Currently, this status is held by the US dollar, Euro, Pound Sterling (GBP), Swiss Franc (CHF), Japanese Yen (JPY) and Chinese Yuan (since 2015).
