Turkmenistan, Ashgabat, Aug.15 / Trend H.Hasanov /
Turkmenistan adopted provisions to license the audit, insurance, professional activities in the securities market.
Turkmen President Gurbangulu Berdimuhammedov signed the corresponding decree. Under the document, the Finance Ministry together with the Justice Ministry were charged to develop and submit to the Turkmen Cabinet of Ministers proposals on introduction of appropriate changes and additions to the Turkmen legislation within a month.
In autumn, 2008, Turkmenistan declared about transition from a planned to a market economy in the updated Constitution. At this stage, a normative-legal base is being created. Commodity-rough, currency, labor exchanges were formed. Conditions are being created for independent wholesale trade.
The goals are set to build other institutions of market infrastructure, commodity market, stock market, market of securities and informational, advisory and audit centers in Turkmenistan.
Since early 2009, a monetary reform is being held (denomination of national currency). Before, exchange rate was unified.
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