The Tajik national currency, the somoni, has strengthened against major world currencies
Thus, the somoni official exchange rate against the dollar has reportedly increased.
As of May 29, an official exchange rate of the somoni against the dollar, set by the National Bank of Tajikistan (NBT), was 10.7869:1 (1.6-pecent increase compared to January 1, 2024, when it was 10.9571:1)
The somoni official rate against the euro has increased more significantly over the reporting period. As of May 29, the official exchange rate of the somoni against the euro, set by the country’s financial regulator, was 11.7449:1 (2.9-percent increase compared to January 1, 2024, when it was 12.0944:1).
Over the reporting period, the exchange rate of the somoni against China’s yuan has reportedly increased by 3.5 percent: from 1.5428:1 on January 1, 2024 to 1.4887:1 on May 29, 2024.
Meanwhile, the exchange rate of the somoni against the Russian ruble remains virtually unchanged. It has increased only 0.08 percent over the reporting period: from 0.1247:1 on January 1, 2024 to 0.1218:1 on May 29, 2024.
The current exchange rate of the Russian ruble against the U.S. dollar is1:01129.
Recall, Russian Deputy Foreign Minister Mikhail Galuzin, delivering a statement at the 4th Central Asian Conference of the Valdai International Discussion Club via videoconferencing, noted on May 14 that Russia is a reliable and key trading and economic partner for the Central Asian region, which is confirmed by the consistent growth of trade turnover.
According to him, a total volume of trade turnover last year exceeded 44 billion U.S. dollars, and Russia accounted for one-third of Central Asian foreign trade turnover.
Galuzin stated that the share of mutual settlements of Russia with Kazakhstan, Kyrgyzstan and Tajikistan in national currencies reached 80 percent.
The Russian official further noted that the share of mutual settlements between Russia and Uzbekistan in national currencies reached 55 percent and between Russia and Turkmenistan – 24 percent.
