The devaluation of the Tajik currency will reach 20-30% - AccessBank

Almaty. April 27. Silkroadnews - The devaluation of the Tajik currency before the end of this year will reach 20-30%, the rate of $1 will be 7 TJS, reported TajikTA with reference to AccessBank.
In anticipation of AccessBank, together with the further devaluation of TJS, increasing cost and complexity of raising funds (especially in TJS); unwillingness to open deposits in Somoni in relation to the demand for loans in dollars; decrease in remittances / shortage of foreign currency, which will especially affect the commercial sector; customers will face increasing difficulties in paying loans in dollars (cost, unavailability of exchange).
Among the anti-crisis measures taken by AccessBank, according to its Chairman of the Board in the credit sector bank - is the completion of portfolio monitoring aimed at identifying the need for restructuring (including the conversion of loans in dollars to TJS); promotion of loans in TJS to new customers to reduce currency risk; lending both in dollars and in TJS.
In addition, steps are being taken in the operating sector. This is implementation of the program on financial literacy (since March 2015 was conducted 12 workshops for 200 people); new products to stimulate savings; showing the reliability and stability of the international bank.
AccessBank is part of AccessGroup - a network of commercial banks in developing countries and countries with economies in transition with the target group of micro, small and medium enterprises. The group currently includes 10 member banks on three continents.