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Saturday, February 29, 2020

National Bank of Tajikistan: Exchange rate decreases slightly

The National Bank of Tajikistan said that the U.S. dollar exchange rate decreased slightly over the past week, falling to an average of 4.9170-4.9350 Tajikistani somoni.

The average rate of U.S. dollar in the exchange bureaus of Dushanbe decreased again and reached 4.9120-4.9320 TJS, in Khuhand it reached TJS 4.9100-4.9300 and in Khujand and Kurgan-Tube it reached TJS 4.9200-4.9300.

The average rates on operations with the Russian ruble were unchanged at TJS 0.1480-0.1490, while the euro rose slightly to TJS 6.6305-6.6534.

With foreign revenue largely dependent upon exports of cotton and aluminum, the economy is highly vulnerable to external shocks.

The 2008 global financial crisis has hit Tajikistan harder than many countries because it already had a high poverty rate and because many of its citizens depend on remittances from expatriate Tajikistanis.