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Turkmenistan Devalues Currency

Turkmenistan Devalues Currency    Turkmenistan Devalues Currency

The energy-rich Turkmenistan Thursday devalued its currency against the US dollar by 18%, in the latest sign of contagion among Russia’s neighbors from the plunging ruble, AFP reported. The Turkmenistan central bank website published the rate as 3.50 manats to the dollar, from 2.85, a depreciation of 18.6%.

 

Financialtribune.com