This research investigates the variation and impact of interest rate in commercial banks in Tajikistan after the country's accession to the WTO. It aims to study the current condition of interest rates, examine the fluctuation of interest rates, analyze the impact of interest rate liberalization on the financial system, and compare Tajikistan's interest rate liberalization with neighboring countries. The research is justified by the need to understand the effects of financial repression and the potential benefits of interest rate liberalization in developing countries. The research methodology includes a review of theoretical and empirical literature and the compilation of relevant data.