MAY 1 2015 (The Conway Bulletin) – Tajik president Emomali Rakhmon sacked the head of Tajikistan’s Central Bank Abdujabbor Shirinov, media reported, an apparent reaction to the continued slide of the somoni currency.
This year the somoni has nose-dived by around 20% against the US dollar as it struggled to cope with a fall in the value of the Russian rouble and a dip in Russia’s economy which has hit remittances.
Mr Shirinov, a previous Tajik ambassador to the United States and head of the Central Bank since 2012 has taken increasingly desperate measures to defend the currency. Last month he ordered exchange kiosks to be banned but instead of giving the government more control over its currency, it just forced money changers into the black market.
The Dushanbe-based ASIA-Plus reported that Jamshed Nourmahmadzoda had been appointed Tajikistan’s new Central Bank chief. Mr Nourmahmadzoda was previously head of Amonatbonk.
ENDS
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(News report from Issue No. 230, published on May 6 2015)