All currency-exchange points expected to be shuttered in Tajikistan

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Baku, Azerbaijan, Dec.1

By Elena Kosolapova –

The Board of the National Bank of Tajikistan (NBT) has issued instructions on the procedure of carrying out foreign currency transactions that will come into effect after being officially published, according to the NBT press center.

This document reportedly provides for closure of all currency-exchange points in the country and all foreign currency transactions, including currency exchange transactions, will be carried out at bank service centers, branches of banks in the regions and head offices of lending agencies.

Tajik central bank said that separate employees of currency-exchange points have overvalued exchange rate of foreign currency using the situation.

The NBT asked citizens to carry out foreign currency transactions only at the above mentioned agencies.

Tajik central bank reported that similar situation emerged in the country in December 2014 as well as in January and April 2015 and the national currency, the somoni, that time fell nearly 18 percent against the dollar.

Tajik central bank in April this year ordered closure of private currency-exchange points. As a result of the blanket ban on private exchange offices more than half of the country’s exchange offices – 818 out of a total 1,581 – were shuttered, leaving 763 operating.

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