Introduction of one- and two-diram coins into circulation illogical, says MP

  DUSHANBE, February 4, 2013, Asia-Plus  — Introduction of one- and two-diram coins into circulation is an illogical decision, Ismoil Talbakov, a deputy of Tajikistan’s lower house (Majlisi Namoyandagon) of parliament, told Asia-Plus in an interview. “Any coin released into circulation should cover all costs associated with production of it but the one- and two-diram […]

Avaz Yuldoshev

 

DUSHANBE, February 4, 2013, Asia-Plus  — Introduction of one- and two-diram coins into circulation is an illogical decision, Ismoil Talbakov, a deputy of Tajikistan’s lower house (Majlisi Namoyandagon) of parliament, told Asia-Plus in an interview.

“Any coin released into circulation should cover all costs associated with production of it but the one- and two-diram coins will fail to cover these expenses,” MP Talbakov noted.

“Moreover, it is well known that nothing can be bought for one or two dirams, and therefore, it is unknown what may introduction of these coins into circulation mean,” Talbakov stressed.

We will recall that the National Bank of Tajikistan (NBT) has introduced the coins in two denominations 1 diram and 2 diram into circulation.

An official source at Tajik central bank says the coins were minted at the Kazakhstan Mint of the National Bank of the Republic of Kazakhstan and the new coins came into circulation on February 1.

According to him, the NBT has planned to introduce an additional amount of one- and two-diram coins into circulation long ago because shops and stalls are experiencing shortage of coins of these denominations.  “A small amount of one and two-diram coins was put into circulation in 2001, 2006 and 2011,” the NBT source said.  

Article translations:

Related Articles

Оби зулол
Сохтмон

Most Read

Join us on social media!

Recent Articles

Which Teachers in Tajikistan Are Exempt from Military Service, and Which Are Not

A lawyer says there is a contradiction between the laws "On the Status of a Teacher" and "On Military Duty and Military Service" regarding the deferral of teachers' conscription.

Talks in Islamabad at Risk: Parties Escalate Rhetoric and Continue Exchanging Blows

A two-week ceasefire agreement proved fragile after Iran once again closed the Strait of Hormuz in response to Israeli attacks in Lebanon.

Study: US Caused $10 Trillion in Climate Damage

Scientists claim that the United States, as the largest carbon emitter in history, bears a "tremendous responsibility" for causing "significant" harm on a global scale.

Tajikistan’s Defense Minister Held a Phone Conversation with Iran’s Acting Defense Minister

Sobirzoda emphasized the importance of "establishing true peace and stability" in the IRI.