Tajik central bank attributes fall to USD-TJS exchange rate to external factors

DUSHANBE, September 26, 2011, Asia-Plus — The National Bank of Tajikistan (NBT) has made an official statement regarding the fall in the dollar-somoni exchange rate. The NBT stated on September 26 that the fall in the dollar (USD)-somoni (TJS) exchange rate is connected with external factors.  The situation in the domestic currency market reportedly remains […]

Avaz Yuldoshev

DUSHANBE, September 26, 2011, Asia-Plus — The National Bank of Tajikistan (NBT) has made an official statement regarding the fall in the dollar-somoni exchange rate.

The NBT stated on September 26 that the fall in the dollar (USD)-somoni (TJS) exchange rate is connected with external factors.  The situation in the domestic currency market reportedly remains stable despite of the fall in quotation of rates.

“The country’s banks, their branches and the currency exchange offices will continue their currency transactions in a normal regime and are ready to take necessary measures in order to keep sustainability of the domestic currency market,” the statement said.

The currency exchange offices are currently buying the dollar on average at 1:4.75, while some currency exchange offices in Dushanbe are buying the U.S. dollars even at 1:4.60.  

As it had been reported earlier, the U.S. dollar (USD) fell considerably against the Tajik national currency, the somoni, last week.  USD reportedly fell 2.08 percent against the somoni — from 1:4.90 on September 20 to 1:4.80 on September 24.  

Meanwhile, currency exchange offices in Dushanbe say they are currently experiencing shortage of the national currency, the somoni.

The exchange rates of the euro and the Russian rubble (RR) against the somoni have also changed over the last week.  The exchange rate of € against the somoni fell from 1:6.65 on September 20 to 1:6.61 on September 24.  The exchange rate of RR against the somoni fell last week from 100:15.10 to 100:14.40.

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