Amonatbonk (Tajikistan’s savings bank) Chairman Sirojiddin Ikromi on July 22 gave a news conference of the results of activities carried out by the bank over the first six months of this year.
Irkomi, in particular, expressed concern about population’s wrong management of their foreign currency savings.
“Previously, people complained that complained that they could not get dollars (USD) in banks, about the lack of USD now about short of TJS, now they are indignant that there are no somonis (TJS) in ATMs,” Amonatbonk head noted.
According to him, one of the main reasons for the periodic shortage of the national currency, the somoni, in recent months is the fact that “after the depreciation of the US currency, people began to exchange their dollar savings en masse for somonis.”
At the same time, Ikromi noted, “Compared to January-June 2021, the volume of the national currency in the country’s cash flow has increased over the first six months of this year by 2.5 billion somonis.” “However, even after that, there is a shortage of the national currency,” Amonatbonk top manager said.
He noted that depositors in banks have also transferred their dollar savings to somonis.
Irkomi is sure that the reverse process will begin as soon as the dollar begins to strengthen against the somonis.
Amonatbonk is the only state-owned bank. Established in 1925, it is one of the oldest banks in Tajikistan and one of the largest based upon various criteria – including the number of branches and the number of served clients. The institution is unique in its orientation towards implementing social, pension and other state programs.
Amonatbonk has 5 regional centers, 69 branches and more than 500 agencies. This gives the institution a presence in the most remote mountainous parts of the country.
