Arzuw NEWS - Turkmenistan news

The Turkmen manat celebrates its 29th birthday

Turkmenistan celebrates the Day of National Currency - Manat introduced 29 years ago.

On the occasion of the introduction of the Turkmen Manat, a conference was held today at the Turkmen State Institute of Economics and Management in Ashgabat with the participation of heads of banks, professors of the educational institution, as well as representatives of the Academy of Sciences.

At the forum were reports on the development of the banking system of the country during the years of independence, the key aspects of monetary policy, the practical measures implemented to ensure the stability of the national monetary unit.

President Serdar Berdymukhamedov also sent a congratulatory message to banking sector workers and all compatriots on the anniversary, who noted the role of the state currency on the way to the independence of Turkmenistan, one of the key factors in establishing Turkmenistan as a sovereign and full-fledged member of the international community.

"Maintaining sustainable development by improving effective risk and capital management mechanisms, developing the corporate governance system, improving the business environment, increasing revenues and profitability of banks is one of the important tasks for the future," stressed Serdar Berdymukhamedov.

In his message, the head of state promised that Turkmenistan will consistently increase the volume of preferential mortgage lending for the purchase of housing, consumer loans, as well as significantly improve financial and banking services in order to further improve social and living conditions of citizens.

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