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Tajikistan Currency

Tajikistan Currency

The currency of Tajikistan, popularly known as the Somoni is subdivided into 100 dirams (in Tajik: дирам). Ismail Samani (also spelt as Ismoil Somoni) is considered to be the father of the Tajik nation. The Currency of Tajikistan is named after him.

Tajikistan Currency

History of the Tajikistan currency

The currency or Somoni was introduced and brought into circulation on 30 October 2000. It had then replaced the Tajikistani ruble that was being circulated at the rate of-

1000 rubles = 1 somoni

The denominations of the Tajikistani currency

The currency of Tajikistan, Somoni, is further divided into Dirams. the valuation if the diram is as-

1 somoni = 100 dirams

The diram banknotes were circulated on the 30th of October, 2000. This was to mark the beginning of Tajikistani Currency. The coins were introduced later in the year 2001. The intention of introducing the coins was to create a more efficient monetary system in Tajikistan and to slowly and gradually replace the Diram notes prevailing in the country. This also marked the first time of coins being distributed as currency in Tajikistan.

The final issue of the coins of 2011, of denominations 5, 10, 20, and 50 dirams and 1 somoni were issued and brought into circulation in June 2012.

Coins

The Tajikistani coins, issued in 2001 for the first time were punched in denominations of 5, 10, 20, 25, 50 dirams. The coins circulated for the first time were made of brass clad steel. However, with further advancements in the coin making processes, the 1, 3 and 5 somoni coins were made of nickel clad steel.

The Tajikistani government released the 3 and 5 somoni coins that were bimetallic in their composition, in the year 2003.

The converse of all of the Tajikistani somoni coins is replaced annually to commemorate and honour several events.