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The somoni has risen against the Russian ruble

On May 16, 2023, the National Bank of Tajikistan raised the exchange rate of the national currency, somoni, against the Russian ruble. The official exchange rate of the Russian ruble against the somoni was set at 0.1370. It was also reported that 1 US dollar equals 10.9141 somoni, and 1 euro equals 11.8800. The National […]

The somoni has risen against the Russian ruble Photo: Internet

On May 16, 2023, the National Bank of Tajikistan raised the exchange rate of the national currency, somoni, against the Russian ruble.

The official exchange rate of the Russian ruble against the somoni was set at 0.1370. It was also reported that 1 US dollar equals 10.9141 somoni, and 1 euro equals 11.8800.

The National Bank of Tajikistan is the only regulatory authority in the country that sets the exchange rate of the national currency against foreign currencies. The day before, the regulator set the exchange rate of the national currency, somoni, against the Russian ruble at 0.1400 somoni per ruble.

On May 16, the regulator increased the somoni exchange rate by 2.2%, making 1000 Russian rubles equal to 137 somoni. However, prices in commercial banks differ from the official rate.

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