USD expected to fell during days of mass sale of shares in Roghun, says NBT head

DUSHANBE, December 26, 2009, Asia-Plus  — A large amount of the national currency, the somoni, will be withdrawn from circulation during the days of mass sale of shares in open joint-stock company (OJSC) NBO Roghun that will lead to devaluation of foreign currencies in the country, Sharif Rahimzoda, the head of the National Bank of […]

Payrav Chorshanbiyev

DUSHANBE, December 26, 2009, Asia-Plus  — A large amount of the national currency, the somoni, will be withdrawn from circulation during the days of mass sale of shares in open joint-stock company (OJSC) NBO Roghun that will lead to devaluation of foreign currencies in the country, Sharif Rahimzoda, the head of the National Bank of Tajikistan (NBT), remarked at the ceremony of an official presentation of Roghun shares in Dushanbe on December 25.

According to him, Tajik central bank will be supporting the foreign currency exchange rate as far as possible during this period.  “The NBT will be taking measures to keep the USD exchange rate because the fall in the dollar exchange rate will be not for the benefit of the national budget,” Rahimzoda noted.

He also noted that representatives of central bank would be at Amonabonk employees’ side during these days.  “Central bank will provide share-realization outlets with all its equipment (device for checking banknotes), armored money-delivering vehicles and cash messengers,” stressed Rahimzoda, “We should be ready that during the mass sale of shares in Roghun some people will try to use counterfeit banknotes for buying the shares.”

On the mechanism of evaluation and resale of the shares in the future, the central bank head noted that the stock exchange functioned in the country and there would be no problems with evaluation and resale of the shares.  

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