Baku, Azerbaijan, Feb. 13
Trend:
Tajikistan’s National Bank carried out intervention in the amount $300 million to support the exchange rate of the national currency, Tajik Telegraph Agency TajikTA reported.
"The credit organizations were provided with around $300 million to meet the demand for the US dollar in Tajikistan in 2017," the agency reported.
According to the bank, the foreign exchange intervention was carried out in 2017 through the funds purchased for the Russian rubles rather than through gold and foreign exchange reserves.
The exchange rate policy, based on the floating rate regime, was underway in 2017.
According to the country’s National Bank, the official exchange rate of somoni against the US dollar decreased by 12 percent in 2017 (the decline was 10.8 percent in 2016).