Turkmenistan MANAT to Euro Investment Contract
Turkmenistan is a producer of gas and oil, it possesses the world’s fourth-largest reserves of natural gas and substantial oil resources., its currency which is sovereign, not exchangeable, can only be used within its borders.
As well, the development of Turkmenistan’s infrastructure imposes on potential investors the sole use of the Manat (TMT) to the exclusion of other currencies. It is the same for the acquisitions of oil, gas, oil research, or others.
While this currency is not freely tradable, it is nonetheless regulated. This regulation of Manat exchanges is conducted by the Central Bank of Turkmenistan, so, in order to be able to trade Turkmenistan Manat to Euro, authorizations are mandatory.