During the last session of the Government, Vice-premier Chary Gylyjov has informed Turkmen leader on establishment of electronic exchange prices database and provision of its accessibility by the State Commodity and Raw Material Exchange of Turkmenistan (SCRMET).

It was noted that staged development of the electronic database, which would have relative information on registration of exchange transactions, their analysis, opening of personal accounts of the clients and other information, is carried out for improvement of activity of the SCRMET. It would also provide the information about foreign contracts registered at the exchange as well as the list and prices for imported foreign goods and export oriented local production.

At the first stage, the information will be accessible to all interested side. Based on the world practice used at international markets, it is planned to provide services on commercial basis after increment of number clients and regular use of services of the website.

Based on clients’ requirements, it is also planned to clarify prices on certain commodities, top open brokerage posts at the exchange and to make payments in electronic format. The establishment of proposed electronic database will allow providing exchange services rapidly, attracting new foreign clients, simplifying foreign trade operations and keeping all this information for three years.

Summing up the report, President Gurbanguly Berdimuhamedov has focused on the importance of modernization of activity of the State Commodity and Raw Material Exchange. Noting the exchange is an indicator of foreign economic relation of Turkmenistan and powerful informational and analytical source of information, the head of the state addressed number of certain instructions for development of the exchange trade and increment of its scales.

Development of pricing mechanisms for Turkmen export goods is the main objectives as of today, which is to support the growth of income and strengthening of positions of our state in international markets. In general, application of modern document management systems will accelerate registration of agreements and make reliable electronic database, the President noted.