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Total amount of transactions on Turkmen State Commodity Exchange for June 2020

Turkmenistan Materials 27 July 2020 15:22
Total amount of transactions on Turkmen State Commodity Exchange for June 2020

BAKU, Azerbaijan, July 27

By Jeila Aliyeva - Trend:

Transactions of the total amount of more than $57.8 million were registered on the State Commodity and Raw Material Exchange of Turkmenistan in June, Trend reports with reference to exchange’s data.

During the reporting period, the country has registered transactions both for foreign currency and for Turkmen manat. In particular, transactions worth more than $73,369 were made in foreign currency and more than 202.3 million for Turkmen manat ($57.7 million).

Mainly entrepreneurs from Russia, the UAE, the UK, Turkey, Afghanistan, Uzbekistan, Kyrgyzstan, Azerbaijan and Georgia purchased products for foreign currency.

Turkmenistan also sold diesel fuel, lighting kerosene, dyed terry products, cotton yarn, colorless sheet glass, various textiles, disposable masks, high-density polyethylene, polypropylene, aviation kerosene and liquefied gas for foreign currency.

Cotton yarn and carpet products were most often sold for the Turkmen manat. In addition, domestic entrepreneurs also purchased products for the domestic market for the Turkmen manat.

Most often, high-density polyethylene and polypropylene (Turkmengas State Concern) and cotton fiber were purchased for the domestic market of the country.

The state commodity exchange of Turkmenistan was established on July 29, 1994. It is the most important agency of state regulation of export-import operations.

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Follow the author on Twitter: @JeilaAliyeva

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