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Economy / Tajikistan

Macroeconomic Forecast Tajikistan

July 2009 | Macroeconomic Forecasts

With external demand for Tajik exports still weak and given that the value of remittances has fallen significantly as a result of the substantial devaluations of the Russian rouble and Kazakh tenge, we expect further mild depreciation of the Tajik somoni going forward. Currently trading at TJS3.7300/US$, we target a move to TJS4.0000/US$ by end-2009 and TJS4.2000/US$ by end-2010.

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