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ASHGABAT (TCA) — Residents of Turkmenistan continue experiencing serious problems due to the restrictions on foreign currency conversion and overseas money transfers, the independent foreign-based news website Chronicles of Turkmenistan reports. Continue reading
ASHGABAT (TCA) — Citizens of Turkmenistan staying abroad have failed to obtain cash, pay for purchases or transfer funds from their bank cards, the independent foreign-based news website Chronicles of Turkmenistan reported on March 7. Continue reading
BISHKEK (TCA) — Kyrgyzstan’s economic growth exceeded expectations in 2017, with GDP growing by 4.5 percent and the recovery encompassing most sectors, Edward Gemayel said in a statement after an International Monetary Fund (IMF) team he led visited Bishkek during January 25-31. Continue reading
ASHGABAT (TCA) — As Turkmenistan suffers from decreasing state-budget revenues largely caused by low natural-gas prices and a drop in gas exports, contributions to the Pension Fund, which had previously been voluntary, have become mandatory for entrepreneurs starting from 1 January 2018, the Chronicles of Turkmenistan independent foreign-based news website reports. Continue reading
BISHKEK (TCA) — The weight of the Russian rouble in the foreign exchange structure of payments in the Eurasian Economic Union (EEU) — consisting of Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia — has increased from 56% to 75% over the recent six years. The dollar’s share has decreased from 35% to 19% over the same time. However, the dollar remains the dominant currency in payments for goods and services between the EEU member states, excluding Russia. It accounts for 50-80% of payments, according to the new report by the Eurasian Development Bank’s (EDB) Centre for Integration Studies, entitled National Currencies in Mutual Payments within the EAEU: Barriers and Prospects. Continue reading
ASTANA (TCA) — At the meeting of the Government on December 26, the Chairman of the Kazakh National Bank Daniyar Akishev presented a bill on currency regulation and currency control, the official website of the Prime Minister of Kazakhstan reports. Continue reading
