Turkmenistan has launched a new stage of technological modernization of its financial system. At a meeting of the Cabinet of Ministers held via the digital system, President Serdar Berdimuhamedov approved proposals to upgrade the infrastructure of the country’s key banks.

The work is being carried out within the framework of the “Concept for the Development of the Digital Economy in Turkmenistan for 2026–2028,” the main objective of which is to transform the banking sector into a high-technology system. The modernization will be implemented at the Central Bank of Turkmenistan, the State Commercial Bank “Türkmenistan,” and the Joint-Stock Commercial Bank “Türkmenbaşy.”

The measures being undertaken are aimed at actively developing modern financial technologies, deploying the latest information and communication systems, and transitioning banking operations to a faster and more accessible level for the population and businesses.

Having approved the proposal for further improvement of the material and technical base of the relevant banks, the head of state instructed Deputy Prime Minister H. Geldimyradov to take the necessary measures.