Serdar Berdimuhamedov marks 33rd anniversary of Turkmen manat

Turkmenistan's President Serdar Berdimuhamedov has congratulated bank sector employees and the entire population on the 33rd anniversary of the introduction of the manat, the national currency.

According to Berdimuhamedov, the manat created favourable conditions for sustainable and balanced economic development, stable money circulation, and the effective implementation of a single state monetary and credit policy. Banks have also increased lending to economic sectors. Large, long-term credit funds are being directed to industrialisation, raising export capacity and creating new jobs.

The message highlights the introduction of digital technologies in the banking system, the expansion of electronic payment systems, and the development of cooperation with the International Monetary Fund, the World Bank, the Asian Development Bank, the Islamic Development Bank, the European Bank for Reconstruction and Development, and Fitch Ratings. It further states that gross domestic product per capita has reached the average level of the world's high-income countries.