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Turkmenistan to continue reforms in financial, banking systems

Business Materials 29 January 2018 13:31 (UTC +04:00)

Ashgabat, Turkmenistan, Jan. 29

By Huseyn Hasanov – Trend:

Turkmenistan will continue the transition to market relations, reforming the financial and banking systems and will start creating stock exchange and securities markets, said Turkmen President Gurbanguly Berdimuhamedov.

He made the remarks at an expanded meeting of the Cabinet of Ministers, the Neutral Turkmenistan newspaper reported.

Turkmenistan has taken a course of gradual transition to market economy, which is reflected in the Constitution. At this stage, a regulatory and legal framework, commodity, raw materials and labor exchanges are being created.

Also conditions are being created for free wholesale trade.

Turkmenistan has set the goals to create commodity market, stock market, securities market, information, advisory and audit centers.

Turkmenistan is one of key players in its region in terms of natural gas supply. Main importers of Turkmen gas are China and Iran.

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