Home Site map Send message
НБТ
  • Macroeconomic Indicators for 2019
  • Monthly inflation for September
    0,6%
  • 8,1%
  • Monetary base, bln. somoni (September)
    16,7
  • Medium-term inflation objective
    7% (±2)
  • Monetary policy rates (% per annum)
    • Refinancing Rate
      (from June 03, 2019)13,25
    • Overnight loans rate - refinancing rate +2p.p.
    • Overnight deposits rate - refinancing rate -2p.p.
    • Reserve requirement ratio,
      national currency3,0
    • Reserve requirement ratio,
      foreign currency9,0
    • Average rate on NBT's
      securities (September)13,19
  • Interest Rate in 2019 (% annual)
  • Average weighted rate on time depos.in national curren (September)
    10,96
  • Average weighted rate on loans in national curren (September)
    22,90
  • Average weighted rate of interbank loans. in national curren (September)
    -
  • Average weighted interest rate on mortgage (residential) loans. in national curren (September)
    20,44
  • Average weighted interest rate on consumption loans. in national curren (September)
    22,93
  • Яндекс.Метрика




  • Daily price of Dimensional Gold Bars of the NBT

Date: 18.10.2019

Bars weight,
gr
Repurchase Price,
somoni
Selling Price,
somoni
5 2420.35 2478.15
10 4753.73 4867.26
20 9361.37 9584.93
50 23165.22 23718.44
100 46165.67 47268.19

  • Information regording Bars can be obtained via tel:
    44-600-32-77, 44-600-32-48

  • Calendar of news
  •       October      

    M T W T F S S
    30 1 2 3 4 5 6
    7 8 9 10 11 12 13
    14 15 16 17 18 19 20
    21 22 23 24 25 26 27
    28 29 30 31 1 2 3

Short macroeconomic review and activity of banking system of Tajikistan for 2012

22.01.2013

    The results of activity of the National Bank of Tajikistan and banking system of the country in 2012, implementation of monetary policy, development of banking system, inflation rate, payment system, increase of deposits, exchange rate of national currency and other important issues of the branch have been discussed in press-conference of the National Bank of Tajikistan which was held in the Republican Press-centre on January 22 for domestic and foreign journalists.
As Abdujabbor Shirinov, Chairman of the National Bank of Tajikistan has noted to journalists, in spite of negative influence of external factors in 2012, it was observed stable growth of macroeconomic indicators and banking system.



1. Macroeconomic indicators

    Gross Domestic Product (GDP). For the reporting period the volume of GDP has reached TJS 36,2 billion and its real growth has made 7,5 % against same period of previous year.
    Inflation. According to the data of the Statistic Agency under the President of the Republic of Tajikistan in 2012 the inflation rate has made 6,4 % that in comparison with the previous year is less by 2,9 percentage points.
    The occurred inflation mainly has been caused by a rise in prices for services on 9,6%, non-foodstuffs on 6,7% and foodstuffs on 5,6%.
    During press-conference A. Shirinov has noted that inflation influenced by such external factors as instability of prices in the world markets and lean year in grain exporting countries. In the third quarter of 2012 the given factors was the reason of rise in prices for wheat in domestic markets. (For informational purposes: according to the statistical data of the World Bank, at the end of 2012 price for wheat in the world markets have increased concerning same period of previous year by 29,4 %, oil by 1,6 %).
    According to analyses made by the National Bank of Tajikistan the rate of annual core inflation for 2012 (without influence of external, seasonal and administrative factors) has made 2,5 %, that in comparison with previous year is less on 1,9 percentage points.
    Rate of national currency. The official rate of national currency in relation to US dollar had stable tendency of variation and depreciated for this period by 0,1% (in 2011 by 8,1%).
    Trade balance. The foreign trade turnover for the reporting period has made USD 5,1 billion, having increased in comparison with the same period of previous year on 15,1%. Particularly, the volume of export has increased by 8,1%, having reached USD 1,3 billion and import volume has increased by 17,8% and has made USD 3,8 billion. The deficit of balance of trade has made USD 2,4 billion, that in comparison with the same period of last year more on 24,1%.

2. Monetary policy of the National Bank of Tajikistan

    In 2012 with a view of macroeconomic situation and for purposes of maintenance of stable level of money supply the National Bank of Tajikistan has continued balanced monetary policy by using monetary instruments effectively.
    With a view of deduction of stable level of money supply and decrease of inflationary pressure, it was used monetary instruments such as refinancing rate, legal reserve requirements, maintenance liquidity and open market operations.
     In particular, the refinancing rate was gradually decreased from 9,8 to 6,5% annual.
    For the purpose of maintenance liquidity of banking system, support of real sector of economy and assistance of crediting growth of legal reserve requirements has been decreased by 2,0 percentage points for deposits in national and foreign currency and have made 5,0% and 7,0% annual.
     At the same time, interest rate on loans which are issued by the National Bank for maintenance liquidity of the credit institutions was decreased due to reduction of the average weighted interest rate of interbank loans from 23,8% to 18,0%.
    For reporting period the National Bank of Tajikistan has held 131 securities auctions which in compare with previous year is more on 8 securities auction. The volume of securities sales has increased by 4,9 times and has made TJS 1,6 billion.
    The volume of reserve money as a program indicator as of December 31 of 2012 has made TJS 4,5 billion, having increased against same period of previous year by 19,5.
    The volume of cash in circulation has made TJS 3,7 billion, from which TJS 25,8 million makes metallic coins. For this period it was issued cash for TJS 1,4 billion and TJS 572,4 million are withdrawn from circulation.



3. Development of banking system

    The number of credit institutions at the end of reporting year has reached to 142, including 16 banks, 1 non-bank credit institutions, 35 micro credit deposit institutions, 44 micro-lending institutions, 46 micro-lending funds and 301 branches.   
    The number of banks has increased for 1 unit, micro financial institutions for 3 units and their branches for 30 units in comparison with the same period of previous year.
    In last year it was registered 1224 exchange offices of the credit institutions and individuals that in comparison with the beginning of the year are more on 161 units.    Also in this period functions 902 points of item money transfer that in comparison with previous year is more on 116 unit.
    Deposits. The volume of deposit in 2012, in comparison with previous year has increased by 5,4% and has reached TJS 4,7 billion. The share of deposits in national and foreign currencies in structure of the total balance of deposits, in previous year they have made 30,8% and 69,2% accordingly. At the same time, deposits of individuals have increased by 22,9 % and have made TJS 2,8 billion. The average weighted interest rate of time deposits in national currency has made 16,0%, in foreign currency – 13,6 %. In comparison with the previous year the average weighted interest rate of time deposits in national currency has increased by 0,3 percentage points and in foreign currency has decreased on 1,2 percentage point.      
    Loans.
Total balances of loans of banking system has increased on 9,9 %, having made TJS 5,3 billion in the end of 2012. Including, 40,2 % in national currency and 59,8% in foreign currency.
    The volume of issued loans for this period has made TJS 6,8 billion that in comparison with the previous year is more on 4,6%. The average weighted interest rate of loans issued in national currency has made 21,4%, in foreign currency – 24,5% and in comparison with the previous year the average interest rate of loans issued in national currency has decreased to 1,0% and in foreign currency it has increased to 2,5 percentage points.
    It should be noted that the volume of issued loans in comparison with previous year has increased to 33,7% having made TJS 3,2 billion. Particularly, in the remote mountain regions of the country was issued micro credits at the rate of TJS 663, 6 million, that in comparison with previous year is more on 28,2%.
    Payments system. The total quantity of payments in the republic during reporting year has increased by 56,4% and has reached 24,2 million units. The total amount of payments has made TJS 308,9 billion, having increased in comparison with previous year on 68,5 %.
    In last year in the republic functioned 9 banks – emitters of payment cards, at the end of reporting year they issued 540 thousand units of payment cards and increase makes 42,9%. The number of holder of the payment cards reached 520 765 person, that in comparison with 2011 is more on 39,2%.
    At the same time, in 2012 quantity of ATMs has made 429 units, providing of cash for 488 unit and ATMs in trade and service supply to 265 unit, that in comparison with previous year is more than 96 units, 153 units and 116 units accordingly.


   
    During the final part of press-conference which is continued more than hour and lasted in the interesting atmosphere, foreign and local journalists have received the recent news and received precise answers to the questions concerning banking system, price rises in the world and domestic market, volume of foreign reserves of the country, results of activities of the Department of Financial Monitoring, inflation rate, incoming remittance of labor migrants, issues of exchange offices, attraction of foreign investments into the economy of the country, procedures of withdrawing of warn banknotes, usage of payment cards, money supply in circulation and safety ensuring of deposit of population.

Press-service
NBT

Views: 1087

Back to list

  • prezident


    1. Question of the day

      Do you want to have obligatory medical insurance in the Republic of Tajikistan?

    2. Have you ever applied to insurance company in occurrence of an insurance case?


    Results of the voting:
    1. Question of the day

      Do you want to have obligatory medical insurance in the Republic of Tajikistan?
      1. Yes, it's in the people's favor
        22 (40.74%)
      2. It makes no difference to me
        17 (31.48%)
      3. No,there isn't any favor
        12 (22.22%)

    2. Have you ever applied to insurance company in occurrence of an insurance case?
      1. No, I have never applied
        37 (68.52%)
      2. Yes, I have applied and received the insurance payment
        8 (14.81%)
      3. Yes, I have applied but didn't receive the insurance payment
        7 (12.96%)
x
Inflation rate %
Inflation
Core inflation