Serdar Berdymukhamedov congratulates banking workers on 33rd anniversary of manat

Turkmenistan's President Serdar Berdymukhamedov has congratulated workers in the country's banking and finance sector on Turkmen Manat Day. He marked the 33rd anniversary of the introduction of the national currency, the manat, calling it a symbol of economic success and major achievements of the Revival era.

The president said the introduction of the currency created favourable conditions for sustainable and balanced economic development, stabilised money circulation and increased bank lending. Long-term credit resources are directed to industrialisation, export potential and job creation, he said, adding that the banking sector is developing rapidly with modern digital technologies.

The message said banking legislation continues to be aligned with international standards and that the electronic payment system is expanding. Cooperation is deepening with the International Monetary Fund, World Bank, Asian Development Bank, Islamic Development Bank, European Bank for Reconstruction and Development and Fitch Ratings. Gross domestic product per capita has reached the average level of high-income countries, according to the message.