From January through June 2024, Tajikistan processed over 300.6 mn payment transactions through various channels, including interbank transactions, direct correspondent relationships, and accounts at the National Bank of Tajikistan, according to data from the central bank.
The total value of these transactions reached TJS 1.1 trillion ($107bn). Compared to the same period in 2023, the number of transactions increased by 86.6%, while the total payment volume rose by 47.5%.
In the same period, credit financial institutions opened 12.6 mn bank accounts, including 130,000 for legal entities and 12.5 mn for individuals. The number of bank accounts in credit financial institutions saw an increase of 2.8 mn, or 22.7%, compared to the corresponding period last year.
Earlier, Daryo reported that Fitch Ratings has upgraded Turkmenistan's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) from 'B+' to 'BB-'. The outlook for this rating is stable. The key reasons behind this upgrade include a strengthened sovereign balance sheet and exceptionally large external reserves.
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