1/100 tanga User(s) Tajikistan | Coins None Inflation 33% | |
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Freq. used 1, 5, 10, 20, 50, 100, 200, 500, 1000 rubles Source The World Factbook, 2000 est. | ||
The rouble or ruble (Tajik: рубл) was the currency of Tajikistan between May 10, 1995 and October 29, 2000. It was subdivided into 100 tanga, although no coins or banknotes were issued denominated in tanga.
Contents
History
Like a number of other republics of the former Soviet Union, Tajikistan continued using the Soviet/Russian rouble a few years after independence. On July 26, 1993, a new series of Russian ruble was issued and old Soviet/Russian rubles ceased to be legal tender in Russia. In Tajikistan, pre-1993 Russian rubles ceased to be legal tender on 8 January 1994. On May 10, 1995, the Tajikistani ruble replaced the Russian ruble at a rate of 1 Tajikistani ruble to 100 Russian rubles.
Among the republics of the former Soviet Union, Tajikistan was the last to issue its own currency. Transnistria, an unrecognized state, issued its own ruble before Tajikistan did. The reason for this was largely lack of funds and resources, with Tajikistan being the poorest of the former soviet republics and absorbing its share of the former union's economic collapse. This was compounded further by the disorganization caused by the civil war in Tajikistan.
By the end of the decade, rampant inflation caused by the economic problems had essentially destroyed the Tajikistani ruble, and plans to replace it with a new currency were drawn up in 1999.
On October 30, 2000, the somoni were introduced and replaced the ruble with 1 somoni equal to 1000 rubles.
Coin
Only one commemorative coin was issued for the Tajikistani ruble. These were aimed for the collectors market and were never intended for use in circulation.