|Cotton and Textile|
|Machinery and Equipment|
Tajikistan, officially the Republic of Tajikistan, is a mountainous, landlocked country in Central Asia with an estimated 8 million people in 2013, and an area of 143,100 km2 (55,300 sq mi). It is bordered by Afghanistan to the south, Uzbekistan to the west, Kyrgyzstan to the north, and China to the east. Pakistan lies to the south, separated by the narrow Wakhan Corridor. Traditional homelands of Tajik people included present-day Tajikistan, Afghanistan and Uzbekistan.
Although the Tajik banking sector is showing signs of strengthening, low levels of intermediation indicate that it remains among the less developed in the EBRD region. The EBRD is investing in the establishment of AccessBank Tajikistan (ABTJ) in order to help develop Tajikistan's banking sector. In order to promote the expansion of the real economy sector the EBRD has successfully implemented financing initiatives such as the Tajikistan Micro and Small Enterprise Finance Facility (TMSEFF), the Tajik Agricultural Finance Framework (TAFF) and the Tajik Financial Sector Framework (TFSF). However, the total outstanding lending under these programmes is US$ 93.3 million against an estimated demand from medium and small enterprises (MSEs) of US$ 447 million a year.
In order to help bridge this gap, the Bank is investing up to US$ 2.09 million (18 per cent of total equity) for the establishment of Access Bank Tajikistan (ABTJ), a specialised microfinance institution in the Tajik banking sector. The investment is co-funded by Access Holding Microfinance (52 per cent), IFC (18 per cent) and KfW (12 per cent). In addition, the governments of Japan, Austria and Luxembourg are providing grants for technical cooperation services for the start-up phase of ABTJ, including institution-building and support of its regional expansion through up to 16 branches, as well as training local personnel in rural and agricultural lending.ABTJ, which has established its headquarters in Dushanbe opening its doors to customers on April 2010, will help to expand and diversify MSMEs’ access to microfinance. It will set new standards in terms of professionalism, transparency and efficiency-stimulating competition and innovation in the country’s financial sector.
|Agriculture||Cotton, wheat, potatoes, vegetables, rice, fruits.|
|Manufacture||Aluminium processing, chemical production, Energy.|
|Services (Including financial)||53.9% (2013 estimate)|
|All Amir||Medical Equipment and Supplies|
|Bank Eskhata oao||Banking|
|Evolet Healthcare Limited||Building Supplies|
|CJSC Babilon Mobile||Telecommunication|
|Super Plast Plus||Commercial Services|
|Cotton and Textile|
|Machinery and Equipment|
The 2008 global financial crisis has hit Tajikistan hard, both domestically and internationally. Tajikistan has been hit harder than many countries because it already has a high poverty rate and because many of its citizens depend on on remittances from expatriate Tajikistanis.
Since independence, Tajikistan gradually followed the path of transition economy, reforming its economic policies. With foreign revenue precariously dependent upon exports of cotton and aluminium, the economy is highly vulnerable to external shocks.
Tajikistan's economy also incorporates a massive black market, primarily focused on the drug trade with Afghanistan, and heroin trafficking in Tajikistan is estimated to be equivalent 30-50% of national GDP as of 2012. In fiscal year (FY) 2000, international assistance remained an essential source of support for rehabilitation programs that reintegrated former civil war combatants into the civilian economy, thus helping keep the peace. International assistance also was necessary to address the second year of severe drought that resulted in a continued shortfall of food production. Tajikistan's economy grew substantially after the war.
The gross domestic product (GDP) of Tajikistan expanded at an average rate of 9.6% over the period of 2000-2007 according to the World Bank data. This improved Tajikistan's position among other Central Asian countries (namely Turkmenistan and Uzbekistan), which have degraded economically ever since. As of August 2009, an estimated 60% of Tajikistani citizens live below the poverty line.
The territory that now constitutes Tajikistan was previously home to several ancient cultures, including the city of Sarazm of the Neolithic and the Bronze Age, and was later home to kingdoms ruled by people of different faiths and cultures, including the Oxus civilization, Andronovo culture, Buddhism, Nestorian Christianity, Zoroastrianism, Manichaeism and Islam. The area has been ruled by numerous empires and dynasties, including the Achaemenid Empire, Sasanian Empire, Hephthalite Empire, Samanid Empire, Mongol Empire, Timurid dynasty, and the Russian Empire. As a result of the breakup of the Soviet Union, Tajikistan became an independent nation in 1991. A civil war was fought almost immediately after independence, lasting from 1992 to 1997.
Since the end of the war, newly established political stability and foreign aid have allowed the country's economy to grow. Tajikistan is a presidential republic consisting of four provinces. Most of Tajikistan's 8 million people belong to the Tajik ethnic group, who speak Tajik (a dialect of Persian). Many Tajiks also speak Russian as their second language. Mountains cover more than 90% of the country. It has a transition economy that is highly dependent on remittances, aluminium and cotton production.Tajikistan means the "Land of the Tajiks". The suffix "-stan" is Persian for "place of or "country" and Tajik is, most likely, the name of a pre-Islamic (before the seventh century A.D.) tribe. According to the Library of Congress's 1997 Country Study of Tajikistan, it is difficult to definitively state the origins of the word "Tajik" because the term is "embroiled in twentieth-century political disputes about whether Turkic or Iranian peoples were the original inhabitants of Central Asia. Tajikistan is landlocked, and is the smallest nation in Central Asia by area. It lies mostly between latitudes 36° and 41° N (a small area is north of 41°), and longitudes 67° and 75° E (a small area is east of 75°). It is covered by mountains of the Pamir range, and more than fifty percent of the country is over 3,000 meters (9,800 ft) above sea level. The only major areas of lower land are in the north (part of the Fergana Valley), and in the southern Kofarnihon and Vakhsh river valleys, which form the Amu Darya. Dushanbe is located on the southern slopes above the Kofarnihon valley.Cultures in the region have been dated back to at least the 4th millennium BCE, including the Bronze Age Bactria–Margiana Archaeological Complex, the Andronovo cultures and the pro-urban site of Sarazm, a UNESCO World Heritage site. The earliest recorded history of the region dates back to about 500 BCE when much, if not all, of modern Tajikistan was part of the Achaemenid Empire. Some authors have also suggested that in the 7th and 6th century BCE parts of modern Tajikistan, including territories in the Zeravshan valley, formed part of Kambojas before it became part of the Achaemenid Empire. After the region's conquest by Alexander the Great it became part of the Greco-Bactrian Kingdom, a successor state of Alexander's empire. Northern Tajikistan (the cities of Khujand and Panjakent) was part of Sogdia, a collection of city-states which was overrun by Scythians and Yuezhi nomadic tribes around 150 BCE. The Silk Road passed through the region and following the expedition of Chinese explorer Zhang Qian during the reign of Wudi (141–87 BCE) commercial relations between Han China and Sogdiana flourished. Sogdians played a major role in facilitating trade and also worked in other capacities, as farmers, carpet weavers, glassmakers, and woodcarvers. The Kushan Empire, a collection of Yuezhi tribes, took control of the region in the first century CE and ruled until the 4th century CE during which time Buddhism, Nestorian Christianity, Zoroastrianism, and Manichaeism were all practiced in the region. Later the Hephthalite Empire, a collection of nomadic tribes, moved into the region and Arabs brought Islam in the early eighth century. Central Asia continued in its role as a commercial crossroads, linking China, the steppes to the north, and the Islamic heartland.It was temporarily under the control of the Tibetan empire and Chinese from 650–680 and then under the control of the Umayyads in 710. The Samanid Empire, 819 to 999, restored Persian control of the region and enlarged the cities of Samarkand and Bukhara (both cities are today part of Uzbekistan) which became the cultural centers of Iran and the region was known as Khorasan. The Transoxania (which corresponds approximately with modern-day Uzbekistan, Tajikistan, southern Kyrgyzstan and southwest Kazakhstan) and ruled between 999–1211. Their arrival in Transoxania signaled a definitive shift from Iranian to Turkic predominance in Central Asia, but gradually the Kara-khanids became assimilated into the Perso-Arab Muslim culture of the region. During Genghis Khan's invasion of Khwarezmia in the early 13th century the Mongol Empire took control over nearly all of Central Asia. In less than a century the Mongol Empire broke up and modern Tajikistan came under the rule of the Chagatai Khanate. Tamerlane created the Timurid dynasty and took control of the region in the 14th century.Modern Tajikistan fell under the rule of the Khanate of Bukhara during the 16th century and with the empire's collapse in the 18th century it came under the rule of both the Emirate of Bukhara and Khanate of Kokand. The Emirate of Bukhara remained intact until the 20th century but during the 19th century, for the second time in world history, a European power (the Russian Empire) began to conquer parts of the region.
The somoni (Tajik code: TJS) is the currency of Tajikistan. It is subdivided into 100 diram (Tajik). The currency is named after the father of the Tajik nation, Ismail Samani (also spelled Ismoil Somoni).
The somoni was introduced on 30 October 2000, it replaced the Tajikistani ruble, at the rate of 1 somoni = 1000 rubles. The currency is divided into 100 diram for one somoni. Diram banknotes were first introduced on 30 October 2000 to start the currency off and coins were introduced later in 2001 with the intention of creating a more efficient monetary system and gradually replacing the diram notes.
This was also the first time circulating coins were introduced in Tajikistan.Circulation coins, first issued in 2001 were struck in denominations of 5, 10, 20, 25, 50 diram composed of brass clad steel and 1, 3, and 5 somoni in nickel clad steel. Bimetallic 3 and 5 somoni coins were first released in 2003. The reverse of all somoni coins are changed annually and commemorate various events. A second issue dated 2011 was issued in June 2012, and included 5, 10, 20, 50 dirams and 1 somoni. Tajikistan coins are struck by Goznak at the Saint Petersburg Mint in Russia.
|National Song||"Surudi Milli"|
|Currency||Tajikistani somoni (TJS)|
|GDP / GDP Rank||26.03 Billion USD|
|GDP Growth Rate||3 Percent|
|GDP Per Captial||$3007.573 (PPP)|
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
President – Emomali Rahmon[α]
Prime Minister – Kokhir Rasulzoda
|Website||Go to the web|
|Public Debt||35.316 Percent|
|Unemployment Rate||10.819 Percent|
|Labor Force (Occupation)||-|