Exchange trade rules updated in Turkmenistan

Photo: Exchange trade rules updated in Turkmenistan   / Turkmenistan

Ashgabat, Turkmenistan, March 4
By Huseyn Hasanov - Trend:

The Turkmen Parliament of the fifth convocation adopted a new bill on "Commodity exchanges and stock trading" at its meeting on March 3, the parliament said.

The new document determines the functions of the exchange connected with the activity aimed at the formation of the wholesale market in Turkmenistan, increasing the export potential of domestic producers, conducting auctions, monitoring supply and demand for goods, as well as analysis of the factors affecting the stock prices.

The Turkmen State Commodity and Raw Materials Exchange was established in 1994. It is the regulator of export-import operations.

As opposed to other exchanges, the range of activity of the Turkmen exchange is universal.
The exchange specialists evaluate the advisability of import and exports, and analyze the impact of various factors on the import and export of goods and products.

The enterprises and organizations of all forms of ownership and citizens of Turkmenistan and other countries may be the participants of the exchange trading by acquiring the brokerage place or concluding a service contract with the exchange brokers, according to the rules.

Currently, domestic products, exported to more than 40 world countries, including Turkey, China, Russia , UAE, Iran , Germany, US, Great Britain, Ukraine, Switzerland are sold on the exchange. Petroleum products, cotton fiber , products of the domestic textile industry, chemical industry, etc. are mainly exported.

Translated by NH
Edited by CN

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