Tajikistan: Currency Embarks on a New Slide
A sudden shortage of dollars in circulation in Tajikistan has led to another dip in the value of national currency, the somoni.
At the start of the year, official figures showed the greenback trading at around 7.9 somoni. This week, currency exchange points were trading at just over 8 somoni to the dollar, but the US banknote was, in fact, hard to find at all.
The black market, which has come under intensified scrutiny in the past couple of years, was reportedly trading the US currency at around 8.30 somoni on February 17.
While major banks like Agroinvestbank, Tojiksodirotbank, Oriyonbank had no dollars to speak of, some smaller lenders had small amounts to go around, according to news website Asia-Plus.
To read the full story