Berdymukhammedov again calls for reducing сash turnover

The state information agency TDH reports that on 8 May, 2020 President Gurbanguly Berdymukhammedov held a session of the Cabinet of Ministers via a video conference to sum up the performance over the past four months.

Deputy Prime Minister overseeing economy and finance Gadyrgeldy Mushshikov, Minister of Finance and Economy Ezizgeldy Annamukhamedov and Chairperson of the Central Bank Merdan Annadurdyev gave progress reports.

The officials briefed about financial accomplishments and stable growth of economic indicators: GDP rose by 6.3%, manufacturing – by 5,5%, foreign trade turnover – by 1,5%, and wages went up by 10,4%.

The Deputy Prime Minister also reported that “the forecast for the social and economic development of Turkmenistan for 2020 was made taken into account the current global economic situation”.

It should be highlighted that a month ago President Berdymukhammedov, who was concerned about a volatile global economy, caused by the world coronavirus pandemic, charged Mushshikov with the task of monitoring economic indicators on a daily basis, reviewing the expected results of social and economic development and making relevant proposals pertaining to the revision of the 2020 state budget.

According to TDH, after hearing all the reports, Berdymukhammedov “was pleased to note that overall economic indicators suggest a stable growth”.

At the same time, the head of state said that the performance of banks is not properly organized and instructed that the cash turnover be reduced and non-cash transactions be widely introduced.

The President ordered the transition to non-cash transactions a month ago. Following this, a daily limit for cash withdrawals in ATMs was reduced from 800 to 200 manats.

The state information agency TDH reports that on 8 May, 2020 President Gurbanguly Berdymukhammedov held a session of the Cabinet of Ministers via a video conference to sum up the performance over the past four months.

Deputy Prime Minister overseeing economy and finance Gadyrgeldy Mushshikov, Minister of Finance and Economy Ezizgeldy Annamukhamedov and Chairperson of the Central Bank Merdan Annadurdyev gave progress reports.

The officials briefed about financial accomplishments and stable growth of economic indicators: GDP rose by 6.3%, manufacturing – by 5,5%, foreign trade turnover – by 1,5%, and wages went up by 10,4%.

The Deputy Prime Minister also reported that “the forecast for the social and economic development of Turkmenistan for 2020 was made taken into account the current global economic situation”.

It should be highlighted that a month ago President Berdymukhammedov, who was concerned about a volatile global economy, caused by the world coronavirus pandemic, charged Mushshikov with the task of monitoring economic indicators on a daily basis, reviewing the expected results of social and economic development and making relevant proposals pertaining to the revision of the 2020 state budget.

According to TDH, after hearing all the reports, Berdymukhammedov “was pleased to note that overall economic indicators suggest a stable growth”.

At the same time, the head of state said that the performance of banks is not properly organized and instructed that the cash turnover be reduced and non-cash transactions be widely introduced.

The President ordered the transition to non-cash transactions a month ago. Following this, a daily limit for cash withdrawals in ATMs was reduced from 800 to 200 manats.

Source: Chronicles of Turkmenistan

Source: Chronicles of Turkmenistan

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