RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of June 19, 1997 No. 3198

About creation of Interbank council of Turkmenistan

According to the main objectives of economic transformations in the country and for the purpose of further forming and development of bank system and system of currency circulation of Turkmenistan, ensuring active participation of banks in strengthening of potential production of economy I decide:

1. Create Interbank council of Turkmenistan.

2. Approve enclosed:

Regulations on Interbank council of Turkmenistan;

structure of Interbank council of Turkmenistan.

3. To the vice-chairman of the Cabinet of Ministers of Turkmenistan Chairman of Interbank council of Turkmenistan t. To Gurbanmuradov E. A. in a month to submit to the President of Turkmenistan the report on the beginning of work of Interbank council of Turkmenistan.

Approved by the resolution of the President of Turkmenistan of June 19, 1997, No. 3198

Structure of Interbank council of Turkmenistan

Gurbanmuradov E. A. - The vice-chairman of the Cabinet of Ministers of Turkmenistan is the Chairman of the board of National bank of foreign economic activity of Turkmenistan (chairman of the board)

Members of council:

Orazov X.A. - Chairman of the board of the Central bank of Turkmenistan

Baygeldyev Ch - Chairman of the board of the Central bank of association of daykhansky banks of Turkmenistan

Baymukhammedov B. B - Chairman of the board of Savings bank of Turkmenistan

Kandymov S. K. - Chairman of the board of Turkmenistan Joint-stock commercial bank

Padzhayev A. - Chairman of the board of Joint-stock and investment commercial bank "Investbank"

Achilov X.M. - First Deputy Chairman of the board of the Central bank of Turkmenistan

Kurbanov T. N. is the First Deputy Chairman of the board of National bank of foreign economic activity of Turkmenistan

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