Tajikistan plans to start trade with China in yuan

Tajikistan plans to start trade with China in yuan
  • 10
  • 12.08.2023 09:07:00
  • 1 min read

This is due to the fact that trade between the countries is increasing, so businessmen are already ready to switch to settlements in yuan, the UN reported.

With the opening of land borders, trade between Tajikistan and China will expand, and settlements will be made in Chinese currency.

Firdavs Talibzoda, Deputy Chairman of the National Bank of the Republic, told Sputnik Tajikistan about this during a press conference.

"Negotiations are being actively held between businessmen to switch to settlements in yuan," Talibzoda added.

Earlier, the head of the statistics and balance of payments department of the National Bank of the Republic, Bakhtiyor Bakhriddinov, said that Tajikistan conducts half of its foreign trade in rubles.

Tajikistan increases trade in rubles

According to his data, for 6 months of 2023, 47% of foreign trade turnover was paid in Russian rubles.

According to him, the share of somoni in international transactions is 4%.

source: tj.sputniknews.ru

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