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Ashgabat to discuss aspects of CIS member states’ integrated foreign exchange market

Business Materials 5 December 2012 11:53 (UTC +04:00)
An agreement on cooperation in organizing the CIS member states’ integrated foreign exchange market will be discussed within the summit of the CIS heads of states, to be held in Ashgabat on Wednesday, an official Turkmen source said.
Ashgabat to discuss aspects of CIS member states’ integrated foreign exchange market

Turkmenistan, Ashgabat, Dec.5 / Trend H. Hasanov /

An agreement on cooperation in organizing the CIS member states' integrated foreign exchange market will be discussed within the summit of the CIS heads of states, to be held in Ashgabat on Wednesday, an official Turkmen source said.

The draft document is aimed at facilitating foreign exchange transactions procedures by mutual access of legal entities, who are entitled to conduct foreign exchange transactions, to foreign exchange markets of each other.

In turn, as the CIS Executive Committee said, compared to the current procedures for the currency exchange through authorized banks, the procedure proposed in the agreement is easier and more profitable.

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