Baku, Azerbaijan, Feb. 10
Cash in circulation in Tajikistan stood at $1.3 billion in 2017, which is 39 percent more than in 2016, TajikTA news agency reported referring to the press center of the country’s National Bank.
Reserve funds in the reporting period stood at $1.6 billion, which is 20.9 percent more than in 2016.
Last year, due to economic demands, $566.2 million in cash were introduced into circulation, which is 2.5 percent more than in 2016.
Due to the decline of inflation risks in January this year, the National Bank of Tajikistan reduced the refinancing rate by 1.25 percentage points and set it at 14.75 percent.
In 2017, the regulator pursued the policy of a managed floating exchange rate regime.
As of Dec. 31, 2017, the difference between the official and market exchange rates of Somoni, the Tajik national currency, against the US dollar, was 0.9 percent.