The amount of cash money circulating in Tajikistan has risen by 50% in four months to May 1, reaching 8.8 billion somoni, according to the National bank of Tajikistan (NBT).
Meanwhile, Tajikistan’s monetary base has increased over the same four-month period to 11.6 billion somoni.
Increase in the money supply has reportedly been caused by financial support provided by the government to the distressed banks.
The Tajik national currency, the somoni, has reportedly lost 7.9% of its value against the dollar at the official exchange rate over the first four months of this year.
Tajikistan’s inflation for the same four-month period has stood 4.4%, up by 1.9% YoY.
Tajikistan has mainly resorted to “administrative resources” to keep the currency on an even keel. (News.tj/Business World Magazine)
Your advertisement under each post on this site. DETAILS