The somoni exchange rate has fallen

In eleven days of April, the national currency somoni has decreased by 12.5% against the Russian ruble.

Photo: Internet

Today, April 11, according to the exchange rate of the National Bank of Tajikistan, 1000 Russian rubles are equal to 171.5 somoni. Earlier, from April 1 to April 7, the regulator set the exchange rate of the Russian ruble at 150 somoni for 1000 rubles.

At the same time, citizens of the country report that private and commercial banks offer 140-144 somoni or even less for 1000 rubles.

Orienbank buys 1000 Russian rubles for 140 somoni, Bank Eskhata – 146 somoni, Commercial Bank – 100 somoni, Amonatbank – 138 somoni, Alif Bank – 141 somoni, and the microfinance organization “Humo” – 158 somoni, selling from 139 somoni to 166 somoni.

Earlier, against the backdrop of news about Russia’s invasion of Ukraine, as well as after the imposition of sanctions by Western countries, including the European Union, the USA, Canada, and the UK, the exchange rate of the Russian ruble sharply fell against all foreign currencies, including the Tajik somoni.

However, since Putin mandated that oil and gas be sold to “unfriendly countries” only for Russian rubles, the ruble has slightly increased.

The exchange rate of the Russian ruble is very important for families of Tajik migrants in Russia.

According to the Central Bank of Russia, last year Tajik migrants sent 1.8 billion dollars from Russia to Tajikistan, 95% of which was sent in rubles.