Exchange Rate in Turkmenistan

Turkmenistan Exchange Rate (aop) | Economic News & Forecasts

Turkmenistan - Exchange Rate (average of period)

Turkmenistan’s economy remains the subject of controversy. On the one hand, after its Article IV visit on 26 March, the IMF concluded that a reduction in public investment last year had weighed on growth. Moreover, private investment and consumption have also suffered from tight currency controls and import restrictions, which have fueled inflation. On the other hand, official sources maintain that growth was robust last year and healthy momentum carried over into the first quarter, with GDP rising 6.2% annually in Q1 thanks to upbeat industrial production and sustained export growth. Although a higher-than-expected jump in oil prices likely granted a temporary boost in Q1, structural and market-driven reforms remain critical to diversifying the economy away from hydrocarbons and achieving sustainable growth.

Turkmenistan - Exchange Rate (aop) Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD, aop)2.85  2.85  3.49  3.43  3.50  

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Turkmenistan Exchange Rate (aop) Chart

Turkmenistan Exchange Rate
Note: Exchange Rate (vs USD, aop)
Source: Thomson Reuters.

Turkmenistan Facts

Exchange Rate3.500.01 %May 13

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