Tag Archives: Tajikistan

Tajikistan sets presidential referendum date

FEB. 10 2016 (The Conway Bulletin) – Tajikistan’s parliament said a referendum on both ditching limits on presidential terms and reducing the minimum age for presidential candidates would be held on May 22, a move widely perceived as allowing Emomali Rakhmon and his family to retain their hold on power.

The 63-year-old Mr Rakhmon has ruled over Tajikistan since a civil war in the mid-1990s. He is generally considered an autocrat who has enriched his family and their supporters and crushed opposition.

Last year the Tajik authorities banned the Islamic Renaissance Party of Tajikistan, previously the country’s only official opposition party.

Mr Rakhmon appears to be hedging his bets ahead of a presidential election in 2020.

The constitutional changes, which are likely to be voted through by Tajiks more concerned with the economy than political reforms, will mean that he can either stand for a fourth term as president or that his eldest son, Rustam, can run for president. Rustam will be 33 in 2020. The constitutional amendments will reduce the minimum age for presidential candidates to 30 from 35.

People voting in the referendum will also be asked to decide whether to outlaw political parties linked to religion, a move appeared designed to block any splinter group from the Islamic Renaissance Party of Tajikistan (IRPT) gaining any popular backing.

Separately, a court in Dushanbe started the trial of 13 members of the IRPT who are accused of radicalism.

ENDS

(News report from Issue No. 267, published on Feb. 12 2016)

Tajik aluminium company receives gold licence

DEC. 21 2016 (The Conway Bulletin) — TALCO, the Tajik state-owned aluminium company, received the rights to develop a cluster of gold and precious metals deposits in the area near Ayni, north-west Tajikistan. The Tajik government granted TALCO the rights to the deposits of Konchoch and Skalnoye for 25 years. TALCO will also build a processing facility in the area.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Tajikistan imposes cash withdrawal limit

JAN. 6 2016 (The Conway Bulletin) – The Tajik Central Bank imposed currency withdrawal restrictions on account holders as the Tajik somoni currency continued to lose value, media reported. It limited cash withdrawals to $400 per person. In December, the government closed down exchange kiosks, blaming them for pressuring the value of the somoni.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Netflix expands from Armenia to Tajikistan

JAN. 7 2016 (The Conway Bulletin) — The US online streaming service Netflix expanded its operations to 130 new countries, including those former Soviet states of South Caucasus and Central Asia. The expansion will give customers from Armenia to Tajikistan access to popular US TV shows through their internet connection.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Currencies: US dollar, Kazakh tenge

JAN. 7 2016 (The Conway Bulletin) — The New Year did not change the fortunes of currencies in the South Caucasus and Central Asia. All currencies are still suffering against a strong US dollar and Central Banks are intervening to prop them up.

Undoubtedly, the most notable decision came just before the holidays when Azerbaijan ditched its currency peg to the dollar and let the manat slide. After a 48% fall, the currency found its equilibrium at 1.55/$1. It is now trading at 1.57/$1.

In Kazakhstan, the tenge recovered towards the end of December, but it slid to 345/$1 in January.

Tajikistan witnessed the worst start of the year, with its somoni currency falling 2.5% in the first week of January, trading at 7.17/$1. Notably, exchange points have been charging a premium of 8-10% on currency transactions in the past few weeks.

In Kyrgyzstan the Central Bank has kept the som stable at 75.9/$1 by intervening several times.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

China strikes Tajik gold

JAN. 6 2016 (The Conway Bulletin) — London-listed and Tajikistan-focused China Nonferrous Gold ltd said it produced its first gold from the Pakrut mine. Tajikistan had granted the company a licence to explore the Pakrut mine in 2004.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Iran welcome for opposition angers Tajikistan

DEC. 29 2015, DUSHANBE (The Conway Bulletin)– Iran’s Supreme Leader Ayatollah Ali Khamenei met with Muhiddin Kabiri, the exiled head of Tajikistan’s now-banned main opposition party, in Tehran, immediately drawing threats from Tajik officials that the meeting would damage bilateral relations.

The major show of support from Iran for Mr Kabiri, who is wanted by police in Tajikistan to face various terrorism charges, and his Islamic Renaissance Party of Tajikistan (IRPT) is a poke in the eye for Dushanbe, officially a secular country.

Tajikistan and Iran have traditionally close relations, sharing many similar cultural, religious and ethnic identifiers. Iran has also been a major sponsor of essential hydropower infrastructure in Tajikistan.

The Tajik foreign ministry sent a note to the Iranian Embassy in Dushanbe which said: “Such an attitude to the enemies of the state and the people of Tajikistan can have a negative impact on the friendly relations between Tajikistan and Iran.”

In September, Tajikistan banned the IRPT, once Tajikistan’s main opposition party, and accused its members of supporting radical Islam and terrorism.

Mr Kabiri, who fled into exile, and his supporters have accused the Tajik government of crushing dissent.

In Dushanbe, an analyst who preferred to remain anonymous told The Conway Bulletin that Mr Kabiri was taking a gamble by appearing in Tehran.

“For Kabiri and the IRPT, after having no support at all from the West, Iran was the last chance to stay in the political arena,” he said.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Cement production to boost in Tajikistan

DEC. 16 2015 (The Conway Bulletin) — The lower house of Tajikistan’s parliament ratified a $145m investment deal to boost cement production in the country. Under the agreement, a Tajik-Chinese joint venture will build three new facilities, including a cement plant with a capacity of 1.2m tonnes in the Yovon district, 40km south of Dushanbe. Three unnamed Chinese businessmen will own 75% of the joint venture and the Tajik government will retain the remaining 25%.

ENDS

(News report from Issue No. 261, published on Dec. 20 2015)

Tajikistan and China swap currency

DEC. 15 2015 (The Conway Bulletin) – Tajikistan and China completed a currency swap deal which they had arranged earlier in the year. Under the deal, China will give Tajikistan 3b yuan (around $470m) in exchange for the equivalent in Tajik somoni. The two sides said the deal would facilitate bilateral trade but it is also a way for China to give Tajikistan some hard currency.

ENDS

(News report from Issue No. 261, published on Dec. 20 2015)

Cash flow to Tajikistan falls

DEC. 17 2015 (The Conway Bulletin) – Remittances from Russia to Tajikistan were 73.5% lower in the third quarter of this year compared to the same period in 2014, data from the Russian Central Bank showed. The data shows just how heavily a recession in Russia is impacting people in Central Asia.

ENDS

(News report from Issue No. 261, published on Dec. 20 2015)