Exchange Rate in Turkmenistan
Turkmenistan - Exchange RateTurkmenistan’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 Data
|Exchange Rate (vs USD)||2.86||2.85||3.50||3.49||3.50|
5 years of economic forecasts for more than 30 economic indicators.
Turkmenistan Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||3.50||0.01 %||May 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.