The President of Turkmenistan instructed to review the current procedure for currency operations

05:2716.05.2020
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The President of Turkmenistan instructed to review the current procedure for currency operations

In connection with the difficult situation in the world economy that has developed in the context of the pandemic, President of Turkmenistan Gurbanguly Berdimuhamedov instructed Deputy Prime Minister for economy Gadyrgeldy Mushshikov to review the current procedure for currency transactions and prepare a draft of the relevant government Decree as a temporary measure.

"Currently, it is necessary to transfer in full, and not 50 percent of foreign currency funds received on the accounts of exporting enterprises and institutions, as well as private firms, to the Stabilization Fund. These funds should be compensated in the national monetary unit," Berdimuhamedov said at a Government meeting.

Having ordered the creation of a Commission for the purchase of necessary goods, medicines, construction equipment, etc., the President of Turkmenistan determined that the main task of this structure is to consider the issue of converting funds of enterprises and organizations in national currency into foreign currency for this purpose. In this context, the Deputy Prime Minister was given a three-day period to fulfill the order, the state news Agency of Turkmenistan reports.

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