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Tajikistan

Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Return to homepage  |  Last updated: 24 June, 2020

Tax measures – Direct and Indirect

(e.g. payment deferrals, rate reductions…)

Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

Monetary and macro-financial

  • The National Bank of Tajikistan (NBT) cut the policy rate by 100 basis points to 11.75 percent on April 27 to ease monetary conditions. The NBT lowered reserve requirement for local currency and foreign exchange deposits to boost liquidity in the system.
  • Government is to disburse preferential loans to food and medical supply producing companies through the Fund for State Support to Entrepreneurship. Interest rate on bank deposits have been lowered from 12 to 6 percent from July 1 to December 31, 2020. The NBT recommended the banks to consider restructuring (i.e extending maturity) loans that face temporary hardship.

Exchange rate and balance of payments

  • The NBT allowed a one-off 5 percent depreciation of somoni to adjust the official exchange rate with cash market rate. Foreign exchange liquidity has been provided to banks.

Other measures and sources

  • On June 6, the government presented a reopening plan. Accordingly, bazaars, cafes, beauty and hairdressing salons, and barber shops along other businesses are expected to resume operations in Tajikistan starting on June 15. All businesses must adhere strict cautionary measures, including regular disinfection of premises and observance of social distancing. While restrictions on public transport will be removed and intercity travel remains open, international flights are not expected to resume until further notice.
 
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