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LOCAL CURRENCY IN TAJIKISTAN

Want to know the local currency in Tajikistan? The local currency in Tajikistan is called Somani.

The Tajik Somani is issued and managed by the National Bank of Tajikistan. To find out the current currency exchange rates for Somani to other major currencies of the world, click on foreign currency rates.

Tajik Currency Information
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The currency used in Tajikistan is called as the Somani. This currency is denoted with the currency sign and the ISO 4217 Code for the Tajik Somani is TJS. The Somani, is the official currency of the Tajikistan . It is divided into 100 smaller units called Dirham.

The constitution of Tajikistan provides that the Tajikistan government shall have the power to print the Tajik Somani and Dirham coins to be used as a legal tender in Tajikistan. The Tajik Somani bank notes and Dirham coins are both designated as "legal tender" in payment of debts.

The Tajik Somani bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Tajik Somani.

Currently printed bank notes denominations are 1, 5, 20, 50 diram, 1, 3, 5, 10, 20, 50, 100, 200, 500 somoni and the coins are minted in the denominations of 5, 10, 20, 25, 50 diram, 1, 3, 5 somoni .

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The Effect of Balance of Trade and Investment on the Value of Tajik Somani
Financial analysts regularly cite the balance of trade and investment in Tajikistan as the most important influence on the value of the Somani. The difference between what the Tajikistan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Somani exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Somani exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Tajik Somani.
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