Turkmenistan, Ashgabat, March 29 / Trend , H. Hasanov /
According to Turkmen specialists, introduction of financial accounting standards will help to attract more foreign investment and develop sustainable capital market. The national television channel Altin Asir reported that this issue as a separate item was discussed at the last meeting of the government.
"This reform envisages provision of a higher rate of development of all industries and focuses on the successful integration of Turkmenistan in the world economic system," President Gurbanguly Berdimuhammadov said.
Turkmenistan included an article about the transition to market relations in the Constitution in autumn 2009 for the first time. The country previously held a unification of exchange rates, the denomination of national currency.
The U.S. Agency for International Development (USAID) provides an active assistance in the transition to international accounting.