DUSHANBE, January 11, 2014, Asia-Plus – Tajikistan reportedly saw sharp currency devaluation last year.
An official source at the National Bank of Tajikistan (NBT) says the national currency, the somoni (TJS), lost more than 11 percent of its value against the dollar (USD) in 2014.
According to data of Tajik central bank, the value of the somoni depreciated against the U.S. dollar depreciated last year considerably, registering an average market purchase rate of the dollar against the somoni 1:5.4575 on December 31, 2014, up from 1: 4.9213 on January 2, 2014.
This month, the average market purchase rate of the dollar against the somoni rose from 1:5.4650 on January 1 to 1:5.6050 on January 9.
Tajik central bank notes that on January 9 the highest market purchase rate between USD and TJS was reported in Khujand – 1:5.62.
In Dushanbe, the market exchange rate between USD and TJS reportedly rose from 1:5.45 on January 1 to 1:5.60 on January 9.
In Khujand, the capital of Sughd province the market exchange rate between USD and TJS rose from 1:5.50 on January 1 to 1:5.62 on January 9.
In Qurghon Teppa, the capital of Khatlon province the market exchange rate between USD and TJS rose from 1:5.46 on January 1 to 1:5.60 on January 9.
In Kulob (Khatlon province), the market exchange rate between USD and TJS rose from 1:5.45 on January 1 to 1:5.60 on January 9.
In Khorog, the capital of the Gorno-Badakhshan Autonomous Region (GBAO), the market exchange rate between USD and TJS over the report period has remained the same – 1:5.40.
Meanwhile, an official exchange rate between USD and TJS set by the National Bank of Tajikistan rose from 1:5.3074 on January 1 to 1:5.3270 on January 9.
Specialists from Tajik central bank attribute the somoni devaluation to sanctions imposed by Western countries on Russia, which is the main trading partner of Tajikistan.
