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somoni

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Tajikistan

  • Tajikistan
    In Tajikistan: Finance of Tajikistan

    …regulating the nation’s currency, the somoni. The currency is vulnerable to fluctuations in Russia’s economy, since about one-third of Tajikistan’s GDP comes from remittances from Tajik workers in Russia. Tajikistan experienced a banking crisis in 2016, for example, as a result of sanctions leveled against Russia after its annexation of…

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