DUSHANBE, January 29, 2014, Asia-Plus -- The Tajik national currency, the somoni, will be put on auction at Moscow Exchange in the near future, Abdujabbor Shirinov, the head of the National Bank of Tajikistan (NBT), announced at a session of Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament on January 29.

According to him, an official ceremony of giving permission to Tajik central bank to participate in currency auctions at Moscow Exchange took place on January 21.

“Our bank became a full member of the Moscow Exchange in late December and it carried out its first currency exchange at the Moscow Exchange on January 20,” Tajik central bank head noted.

Shirinov also presented the bill requiring amendments to the country’s law on the securities market.  He noted that the secondary securities market would start to function in Tajikistan at the end of the first half-year of 2014.  

The National Bank of Tajikistan is the central bank of Tajikistan.  The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.

Moscow Exchange is the largest exchange group in Russia, operating trading markets in equities, bonds, derivatives, FX, money markets and precious metals. Moscow Exchange also operates Russia’s Central Securities Depository and the country’s largest clearing service provider.  Moscow Exchange was officially established on December 19, 2011 through the merger of the two largest Moscow-based exchanges, the Moscow Interbank Currency Exchange and the Russian Trading System.  Both organizations were formed in the 1990s and for two decades were the leading exchanges in Russia, with the MICEX Index and the RTS Index being among the world''s top stock indices. The merger created a single entity that has become a leading exchange globally for trading across asset classes and to advance Russia''s plans to turn Moscow into an international financial centre.  The united exchange went through a rebranding, and the new brand identity was unveiled in July 2012