The state commodity exchange of Turkmenistan (SCET) will be transformed into an open joint-stock company. This was stated at a meeting of the Cabinet of Ministers in charge of the trade sector, Deputy Prime Minister Chary Gylyjov.

He said that this decision is made "in order to implement the Strategy for improving the activities of the SCET for 2020-2025."

The Deputy Prime Minister noted that the shareholders will be exporting companies with a certain share participation. The other part of the shares will be sold to members of the Union of Industrialists and entrepreneurs of Turkmenistan through the “Ashgabat stock exchange”. A list of interested institutions and organizations is already being prepared.

"In world practice, the legal form of such structures is furnished mainly in the form of joint-stock companies", – said President Gurbanguly Berdimuhamedov, expressing hope that the result of the successful execution of the planned measures will achieve a significant increase in the turnover of prisoners in exchange trades, and its profit.

The head of state pointed out that the digital system should be actively used in the work of the SCET state security service, guided by world experience.

The President of Turkmenistan noted that in order to improve the efficiency of the SCET, it is necessary to speed up work in a number of areas that form the basis of exchange trading in the new market conditions.

The state commodity exchange of Turkmenistan was established in 1994. According to the head of state, it is assigned a significant role in the implementation of the "Program of the President of Turkmenistan on socio-economic development of the country for 2020-2025", which covers all sectors of the national economic complex.