BAKU, Azerbaijan, February 7
By Jeila Aliyeva - Trend:
Currently, there are 6 enterprises in the structure of the State Commodity and Raw Materials Exchange of Turkmenistan, Trend reports with reference to Turkmenistan’s State News Agency.
This was stated by the chairman of the State Commodity and Raw Materials Exchange Begench Charyev at a working meeting organized by the President of Turkmenistan Gurbanguly Berdimuhamedov, at which the results of the development of the country's trade complex in the past year were considered.
From January through December 2020, 283 exchange trades were conducted. The total value of the registered contracts was 46.4 billion Turkmen manat ($13.2 million), with a profit growth rate of 8.4 percent.
In accordance with the strategy for improving the activities of the State Commodity and Raw Materials Exchange of Turkmenistan for 2020-2025, work is underway to introduce a digital system. Guided by the world practice in this direction, at the first stage, measures are taken to register agreements in electronic format.
With the introduction of the digital system, it will be possible to carry out exchange services online. In general, the establishment of modern methods of document management will increase labor productivity, speed up the registration of agreements, and, at the same time, create a reliable electronic database.
From January through November 2020, the State Commodity and Raw Materials Exchange held 257 trading sessions and signed 26, 830 contracts in 11 months since the beginning of the year.
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