Turkmenistan sells domestic products to UAE, Scotland on exchange

Business Materials 15 February 2021 10:43 (UTC +04:00)
Turkmenistan sells domestic products to UAE, Scotland on exchange

BAKU, Azerbaijan, February 15

By Jeila Aliyeva - Trend:

Entrepreneurs from the UAE, Scotland, and Afghanistan purchased liquefied gas and gasoline produced Turkmenistan’s Turkmenbashi Complex of Oil Refineries, as well as diesel fuel from the Seydi Oil Refineries in foreign currency on the State Commodity Exchange of Turkmenistan during the last week, Trend reports with reference to Turkmenistan’s State News Agency.

In addition, businessmen from Russia, the UAE, Turkey, Ukraine, Pakistan, Azerbaijan, Georgia, and Kyrgyzstan bought cotton yarn and smooth-dyed and jacquard terry products in foreign currency on Turkmenistan’s exchange.

The total amount of transactions on the exchange in foreign currency exceeded $57 million.
Transactions in Turkmen manat were also made on Turkmenistan's exchange. Thus, entrepreneurs from the UAE, Turkey, Pakistan, and Kazakhstan purchased cotton yarn for a total amount of over 67 million Turkmen manat (over $19 million).

Local businessmen purchased high-density polyethylene, cotton-fiber, and hand-made carpets for the domestic market for a total amount of about 30.6 million ($8,723).

In total, 110 transactions were registered on the exchange over the past week.

The State Commodity and Raw Materials Exchange of Turkmenistan was established on July 29, 1994. It is the most important agency of state regulation of export-import operations.

Follow the author on Twitter: @JeilaAliyeva