Tajik national currency loses nearly 12 percent of its value against the dollar in 2017

The national currency of Tajikistan, the somoni, lost 11.9 percent of its value against the dollar in a year to December 31, 2017. The official buying rate (the buying rate is the rate at which money dealers  buys foreign currency) of the somoni against the dollar fell from 7.8762:1 on January 1, 2017 to 8.8190:1 […]

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The national currency of Tajikistan, the somoni, lost 11.9 percent of its value against the dollar in a year to December 31, 2017.

The official buying rate (the buying rate is the rate at which money dealers  buys foreign currency) of the somoni against the dollar fell from 7.8762:1 on January 1, 2017 to 8.8190:1 on December 31, 2017.

As far as the exchange rate between the somoni and the euro is concerned, the somoni reportedly fell 27.3 percent against the euro last year. 

The official buying rate of the somoni against the euro fell from 8.3070:1 on January 1, 2017 to 10.1261:1 on December 31, 2017.

Last year, Tajikistan also saw sharp devaluation of its national currency against the Russian Ruble.  The somoni lost 20.8 percent of its value against the Russian ruble in a year to December 31, 2017.

The official buying rate of the somoni against the Russian ruble fell from 0.1261:1 on January 1, 2017 to 0.1524:1 on December 31, 2017. 

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