Turkmens rush to buy dollars amid rumors of further devaluation
| Publisher | Radio Free Europe/Radio Liberty |
| Publication Date | 2 February 2015 |
| Cite as | Radio Free Europe/Radio Liberty, Turkmens rush to buy dollars amid rumors of further devaluation, 2 February 2015, available at: https://www.refworld.org/docid/54e1a49ae.html [accessed 4 June 2023] |
| Disclaimer | This is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States. |
February 02, 2015
By RFE/RL's Turkmen Service
MARY, Turkmenistan – Local residents in Turkmenistan's southeastern city of Mary have been rushing to foreign exchange offices to buy U.S. dollars amid rumors about plans for a further devaluation of the national currency, the manat.
RFE/RL correspondents in Mary say there were long lines at currency exchanges across the city on February 2.
At the start of the year, Turkmenistan's central bank devalued the manat currency's value against the U.S. dollar by 18 percent and significantly increased natural gas and gasoline prices.
The move on January 1 raised the exchange rate to 3.50 manats per dollar, up from the fixed rate of 2.85 manats per dollar that had been in place since 2009.
Link to original story on RFE/RL website
