Turkmenistan: Recent Economic Developments

December 10, 1999

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Turkmenistan: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed December 29, 2024

Summary

This paper reviews economic developments in Turkmenistan during 1996–99. Inflation is an issue in Turkmenistan. The trend decline that started in mid-1996 came to a halt in late 1998 and inflation continued to increase in 1999. By mid-1999, 12-month inflation had increased to 25 percent. Owing to payment problems, gas exports to Ukraine were discontinued in early 1997, resulting in a sharp decline in real GDP in that year. In 1998, gas exports did not resume, other than small deliveries to Iran through a new pipeline that had become operational at end-1997.

Subject: Banking, Commercial banks, Commodities, Currencies, Exports, Financial institutions, Foreign exchange, International trade, Money, Oil

Keywords: Budget deficit, Central bank, Commercial bank, Commercial banks, CR, Currencies, Debt service, Economic activity, Exchange rate, Exports, Foreign exchange, ISCR, Oil, Southern Europe, U.S. dollar, Western Europe

Publication Details

Pages:

130
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/140
Stock No:

1TKMEA0011999
ISBN:

9781451837247
ISSN:

1934-7685

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