Tajik banks refrain from purchasing Euro due to unstable exchange rate at global market, Head of Tajik National Bank

DUSHANBE. June 7. “Asia-Plus” — Tajik banks refrain from purchasing Euro due to unstable exchange rate of the European currency at the global market, head of the Tajik National Bank Sharif Rahimzoda said. He believes that depreciation of the European currency is connected with weak economies of several EU countries. “Euro, which started to drop […]

Rasul Shodon

DUSHANBE. June 7. “Asia-Plus” — Tajik banks refrain from purchasing Euro due to unstable exchange rate of the European currency at the global market, head of the Tajik National Bank Sharif Rahimzoda said. He believes that depreciation of the European currency is connected with weak economies of several EU countries.

“Euro, which started to drop in Tajikistan in early May, continues to depreciate against its depreciation at other financial markets,” he said, adding that this fact forces Tajik banks to refrain from the risk of making any transactions in Euro. “Banks are afraid that Euro will continue to depreciate and they will suffer losses,” he said.

According to the Tajik National Bank, exchange rate of one EUR in Dushanbe exchange offices makes 5.37 Somoni.

Meanwhile, according to Sharif Rahimzoda, the US dollar started to grow at the Tajik market. Today’s average rate of one US dollar in Dushanbe exchange offices makes 4.44 Somoni. 10 Russian rubles cost 1.43 Somoni. One week ago exchange rate of one US dollar was 4.43 Somoni, while rate of 10 Russian rubles was 1.41 Somoni.

Article translations:

Related Articles

Оби зулол

Most Read

Join us on social media!

Recent Articles

Iran Threatens to Block Shipping in Three Seas in Response to US Actions

Tehran announced the possible suspension of exports and imports through key maritime routes.

EBRD allocates 50 million euros to Tajikistan to reduce electricity losses

The money, in particular, will go towards the modernization of electricity distribution networks.

Russia to pay compensation to Azerbaijan for AZAL plane crash

The agreement was reached during the meeting between Putin and Aliyev in Dushanbe.

Approximately 6,000 migrants to be deported from Russia following nationwide raids

Entry into the country will be closed for 7.7 thousand foreigners.

Emomali Rahmon accepted the credentials from new ambassadors

Nine countries have sent new diplomats to Tajikistan.

Russia evacuated 27 Tajikistan citizens from Iran

They worked at the Bushehr nuclear power plant, built by the Russian Federation in Iran.

Baku to host WUF13: shaping the future of sustainable urbanization

Baku, the capital of Azerbaijan, is set to host...

How the Energy Industry Began in Tajikistan 100 Years Ago

We have prepared a historical photo series for you.

Tajikistan and Belarus to establish a joint laboratory for radiation monitoring and nuclear safety

An agreement was signed by the Tajikistan Agency for Nuclear and Radiation Safety and the Belarusian National Technical University.