Currency Rates for Tajikistani Somoni
Currency Exchange Rates for Tajikistani Somoni. - Currency Information on TJS. for Tajikistan. Tajikistani Somoni – Tj. The foreign exchange currency code for TJS represents the Tajikistani Somoni exchange rate.
Send Money Transfer to Tajikistan. The Tajikistani somoni subdivides into 100 diram, and is named in honour of the Tajik nation’s father, Ismail Samani.
The somoni replaced the Tajikistani ruble at a ratio of 1 somoni: 1000 rubles, in 2000. Coins were introduced in 2001, with the intention of replacing the diram notes that circulated before, though both coins and noted in denominations of diram are currently in circulation.
Coins are available in denominations of 1, 2, 5, 10, 20, 25 and 50 diram, as well as 1, 3 and 5 somoni. Banknotes circulate in denominations of 1, 5, 20 and 50 diram, and 1, 3, 5, 10, 20, 50 100, 200 and 50 somoni.
The Tajikistani Somoni is the officially accepted currency or means of exchange in Tajikistan. The currencyâ€™s ISO code is 4217 and is divided into units of 100 diram. It was named after Ismail Samani, the father of Tajik. The Tajikistani Somoni is managed by the National Bank of Tajikistan and comes in both coins and notes in various denominations. Unlike many currencies across the world, the Tajikistani Somoni has not been around for long and it was adopted from 2000. To gain an understanding about the currency, you could explore its history and development since it was introduced.
On October 30, 2000, the Tajikistani Somoni was introduced to replace the Tajikistani ruble, which was the official currency between 1995 and 2000. The replacement was implemented at a rate of 1 somoni to 1000 rubles and the currency would, therefore, be divided into 100 diram units. The government introduced banknotes for the diram subdivisions with the launch and these were used to start the currency off. Coins came later in 2001 and the intention was to create an efficient monetary system that would gradually replace the notes. It would also be the first time circulating coins were launched in the country.
Coins for the Tajikistani Somoni were officially introduced in 2001 and were issued in the denominations of 5, 10, 20, 25 and 50. The 50 diram coins were made of brass clad steel while the 2 and 5 somoni coins that appeared first in 2003 were bimetallic. The second issue of the coins was dated in 2011 and June 2012, and this offered coins including denominations of 5, 10, 20, 50 dirham as well as 1 somoni.
Notes also followed a similar trajectory as coins and the first issue was in 2000 with these coming in the denominations of 1, 5, 20 and 50 dirham. In 2010, there was another issue that included 1, 3, 5, 10, 20, 50 and 100 somoni notes. Later the same year, 200 and 500 somoni notes were introduced. Somoni currently stands as the second-highest-valued currency across Central Asia.
GBP to TJS
Bank Exchange Rates for Tajikistani Somoni. The foreign exchange rates for Tajikistan also known as the ISO code TJS. Send money transfer online with us with the cheapest options.