Today, "Senagat" joint-stock commercial bank hosted the scientific-practical conference «The national manat - a basis of prompt development in the new historical epoch», timed to the 33rd anniversary of introduction of the national monetary unit into circulation.
Heads and specialists of state and joint stock commercial banks, financial and economic complex, the faculty and students of profile higher educational institutions as well as representatives of the mass media took part in the forum.
Before the start of the forum, its participants familiarised themselves with the exhibition of development of the bank sector of the country. Musical performances of creative groups added a special solemnity to the event.
The agenda of the conference included such issues as economic successes reached by our fatherland with introduction of the national manat, monetary and credit policy, adjustment of modern bank services by means of introduction of digital technologies, perfection of electronic payment system, cooperation with international financial structures.
In the congratulatory message of President Serdar Berdimuhamedov to employees of the bank system and all people of independent, permanently neutral Turkmenistan on the occasion of the significant date, it is pointed out that the bank sector shows prompt development. Introduction of modern digital technologies in it allows accelerating significantly financial and economic operations, considerably to expand a spectrum of given services with increase of their efficiency and quality. Circulation of the national currency in economy is regularly improved, at the expense of the high speed of monetary circulation, the number of new manufactures increases in it. Effective measures are adopted to increase the financial literacy of population. Qualification of profile employees consistently raises.
Participants of the forum marked that introduction of the national currency has created favourable conditions for harmonious development of the country, efficient control over monetary circulation and realisations of the uniform state monetary and credit policy, the strategic areas of which are maintenance of stability of monetary circulation and sustainable economic growth, further increase of material well-being of population, promotion of competitiveness of national economy as well as formation of favourable macroeconomic conditions for integration of bank system into international financial markets. In realisation of these important goals, a special significance is attached to the bank system as a major structural element of market economy.
It was underlined that the manat – the national monetary unit serves as a key indicator of economic power of our fatherland, which confidently moves ahead with dynamic paces and the peaceful and well-provided life of our people. History of creation and modern development of the manat are inseparably linked with formation and perfection of financial-bank system of the country. Adaptation of the national currency to digital technologies opens new prospects for the further economic development. In December of the past year, the Central Bank of Turkmenistan had put modified polymer banknotes in denominations of 1, 5, and 10 manats, as well as a new polymer banknote with a denomination of 200 manats into circulation. One should notice that these monetary denominations differ with their high durability to external factors of influence - impurities, deteriorations, damage.
Economic achievements and successes of the country find reflexion in increase of standards of living of population. Annual steady growth of national economy, and consecutive increase in volumes of investments made in development of human potential, create conditions to strengthen social security of citizens, improve their material and housing conditions, in particular, stable growth of incomes of the population.
During the conference, it was especially noted that thanks to successful realisation of national programs and wide introduction of digital technologies, competitiveness of national economy and its position in the international economic system are regularly strengthened. Transition to digital economy promotes reduction of expenses in manufacture and sphere of services, operative adaptation to changes in the international markets and maintenance of flexibility of economic processes. The digital economy based on availability of information and modern technologies, opens ample opportunities for formation of new vectors of interaction.
As was underlined, within economic reforms carried out in the country, priority areas of further development is modernisation of activity of credit institutions, improvement of quality of bank services to the level of the international standards, expansion of their spectrum and maintenance of stability of exchange rate of the national currency. Consecutive introduction of new technologies allows the population to use payment and account, deposit and other services without necessity of visiting banking establishments. With a view of further perfection of bank sphere, development of national payment system, increase of its efficiency, reliability and safety, profile infrastructure is constantly equipped with modern information technology and software programs.
Heads of banking establishments in detail developed upon the work carried out to further expand investment activity and digitalization of bank operations and given services. It was underlined that these measures are successfully carried out thanks to realisation of far-sighted initiatives of Hero-Arkadag under the wise leadership of President Serdar Berdimuhamedov. The further increase of efficiency of monetary circulation in the country, expansion of possibilities of national and international payment systems provided by credit institutions, and development and perfection of non-cash payments on the basis of high technologies and the best international experience are the requirement of the time.
Expansion of a spectrum of bank services at the expense of digital technologies, introduction of the computer equipment and software in all sectors, perfection of payment mechanisms and payment operations, development of innovative technologies as well as improvement of quality of digital bank services create favourable conditions to offer clients modern services in the most convenient ways and their wide use. As an example, one can note possibilities of realisation of various kinds of non-cash payments online, from any point of the country, by means of cash dispenses, payment terminals, systems "Internet banks", «Mobile bank» and «Electronic trade». Besides it, credit institutions give the population the possibility to make out their applications in the electronic form to open bankcard accounts and their rerelease. In the sphere of bank services of credit institutions, an effective work is also carried out to introduce and perfect the technology of contactless payments.
Speakers underlined that under the conditions of transition to digital economy, a special importance is obtained by artificial intelligence development, stimulation of introduction of innovative technologies and expansion of international cooperation in this sphere. The special attention was given to protection of the information against cyber threats, increase of stability of financial system and the government. Innovations promote productivity increase, open new possibilities and serve improvement of quality of life of the population. Innovative experience of development of the city of Arkadag and active participation of businesspersons in formation of infrastructure of the "smart" city show successful results of the work implemented in our fatherland on development of digital economy. In the long term, wide introduction of new technologies will promote the further strengthening of the economic power of Turkmenistan and increase of its competitiveness at the international level. In that regard, an emphasis was made on the goals put before financial-banking establishments of the country within the Concept of development of digital economy in Turkmenistan for 2026-2028.
It was noted also that development of new areas of effective interaction in the economic sphere is an important component of mutually beneficial cooperation of Turkmenistan on the international arena with all interested partners, including with large financial structures. Thus, an invariable priority is attached to the training of highly skilled specialists for the bank sector.
Participants of the conference expressed gratitude to Hero-Arkadag and Arkadagly Hero Serdar for constant attention to improvement of the activity of financial-banking establishments of the country and for creation of modern conditions for their effective work.
On completion of the scientific-practical conference, its participants adopted the Letter of Thanks to President Serdar Berdimuhamedov.
