ASHGABAT, Turkmenistan, February 23. The total volume of deposits attracted by banks in Turkmenistan in the national currency from January through November 2023 amounted to 217.23 billion Turkmen manat ($62 billion), of which 22.69 billion Turkmen manat ($6.48 billion) were attracted in November alone, Trend reports.
According to the Central Bank of Turkmenistan, of the total volume of attracted deposits, bank deposits of legal entities for the first eleven months of last year amounted to 177.41 billion Turkmen manat ($50.64 billion).
Furthermore, bank deposits of individuals in the first eleven months of 2023 amounted to 39.82 billion Turkmen manat ($11.37 billion), where only in November they amounted to 4.1 billion Turkmen manat ($1.17 billion).
The total volume of deposits attracted by banks in Turkmenistan in the national currency in 2022 amounted to 872.64 billion Turkmen manat ($249.31 billion), with an average interest rate of 0.31 percent.
Meanwhile, according to the Central Bank of Turkmenistan, the official exchange rate of the Turkmen manat against the US dollar on February 23, 2024, is set at 3.5 manat per USD.