Dushanbe. 24 August. “Asia Plus” — National Bank of Tajikistan (NBT) said that the situation on the currency market of the country is under control and that there is no cause for the concern.
The statement, posted on the official website of the regulator, says that the National Bank, within its authority, regulates foreign exchange market in the country, providing the needs for foreign currency.
The NBT notes that at the end of last week, the electronic media without an in-depth analysis and comparison of economic indicators have published materials, stating that the fall of the tenge, “allegedly led to the “nervousness” and “misunderstandings” in the cash foreign exchange market of the republic.”
“First of all, it must be emphasized that each state has its own independent monetary and exchange rate management and for the protection of national interests, taking into account the distinctive characteristics of a particular region of the country, carries out particular monetary policy,” – said in a statement.
It stresses that in recent days the Chinese yuan, Russian ruble and other currencies of the world “faced with the changes and leaps in the currency market, depreciating towards the US dollar.”
It is noted that “Kazakhstan cannot be an exception,” and that “the responsible for the financial and banking sectors of the country knew exactly that after the transference of the tenge in the policy of free floating, its exchange rate will decline to the noticeable level.”
According to the National Bank of Tajikistan, there are about 1.5 thousand exchange offices in Tajikistan, more than 1.8 thousand remittance offices and banking centers, which daily carry out the operations of currency exchange.
“The National Bank of Tajikistan, attaching the great importance to the expansion of non-cash mutual settlements, now fully provides the cashless exchange market with the currency, and the customers of banks can easily cover their requirements of foreign exchange,” – said in a statement.
Moreover, the regulator noted that in the next few days will be signed an agreement on attraction of the Chinese People`s Bank credits, which can reduce dollar needs in the Tajikistan`s foreign exchange market, ensuring the stability of the national currency.
“We can say with certainty that a moderate level of international reserves of the National Bank and the bank”s ample opportunities for attracting funds and investments from international partners, contribute to the promotion of independent exchange rate and monetary policy of the National Bank of Tajikistan” – say in the controller.
