DUSHANBE, September 8, 2009, Asia-Plus — The National Bank of Tajikistan (NBT) is now forced to revaluate the exchange rate of the national currency, the somoni, artificially, Tajik expert Masoud Sobirov said in an interview with Asia-Plus, commenting on the current exchange rate of the somoni against the dollar that has been relatively stable over the past three months.
According to him, Tajik central bank now revaluates the national currency artificially through reducing the somoni supply and increasing foreign currency receipts to the market.
“Cash somonis have decreased and we feel this when doing shopping; deficiency in the national currency is present,’ said the expert, “When this deficiency becomes too strong, the NBT will be forced to throw a large amount of somoni on the market that will lead to devaluation of the national currency.”
Sobirov added that the artificial revaluation of the national currency was a temporary measure and it would not solve the problem.
