DUSHANBE, August 1, 2011, Asia-Plus — Belarus and Tajikistan reportedly top the former Soviet republics in terms of national currency devaluation.
Belarusian news agency, BelaPan, has listed Tajikistan second among the former Soviet republics over the first seven months of 2011 in terms of the national currency devaluation.
According to data from BelaPan, Belarus has seen the sharpest currency devaluation in January-July this year. The Belarusian national currency, the ruble, has fallen 65.27 percent against the dollar over the report period — from 3,000:1 to 4,958:1).
In Tajikistan, the national currency, the somoni, has fallen 7.02 percent against the dollar over the same seven-month period – from 4.4031:1 to 4.7121:1.
In Uzbekistan, the national currency, the sum, has fallen 5.18 percent against the dollar over the report period — from 1,640:1 to 1,72494:1. The Ukrainian national currency, the hryvna, as fallen 0.12 percent against the dollar – from 7.9617 to 7.9712:1 and in Armenia, the national currency, the dram, has fallen 0.01 percent – from 363.44:1 to 363.48:1.
In Turkmenistan, the exchange rate of the national currency, the manat, against the dollar has not changed over the report period and remained the same – 2.85:1.
In the meantime, the national currencies of Kazakhstan, Azerbaijan, Kyrgyzstan, Moldova, Georgia, Lithuania, Latvia and Russia against the dollar have risen over the report period: the Kazakh national currency, the tenge, rose 0.92 percent – from 147.50:1 to 146.14:1; the Azeri national currency, the manat, rose 1.42 percent – from 0.7979:1 to 0.7866; the Kyrgyz national currency, the som, rose 5.32 percent – from 47.0992:1 to 44.5952:1; the Moldavian national currency, the leu, rose 6.17 percent – from 12.1539:1 to 11.4045:1; the Georgian national currency, the lari, rose 6.65 percent – from 1.7728:1 to 1.6549:1, the Lithuanian national currency, the litas, rose 7.84 – from 2.6099:1 to 2.4052:1; the Latvian national currency, the lat, rose 8.41 percent – from 0.535:1 to 0.49:1, and the Russian national currency, the ruble, rose 9.18 percent – from 30.4769:1 to 27.6796:1.
The kroon was the official currency of Estonia for two periods in history: 1928–1940 and 1992–2011. Between 1 January and 14 January 2011, the kroon circulated together with the euro, after which the euro became the sole legal tender in Estonia. The euro has risen 6.29 percent against the dollar over the report period – from 0.7484:1 to 0.7013:1, BelaPan reports.
