Central Bank of Turkmenistan limits currency exchange for individuals, media reports

Central Bank of Turkmenistan limits currency exchange for individuals, media reports

The Central Bank of Turkmenistan has ordered banks to stop the conversion of the national currency, the manat, into foreign currency in the cash market for the population, Turkmenporta information portal reported.

At the same time, physical persons will still be able to exchange manats into foreign currency in non-cash form via credit cards, Visa or MasterCard.

At the end of last year the Central Bank of Turkmenistan introduced a limit for foreign exchange transactions for individuals at the level of 1 thousand dollars per month, Interfax reminds.

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