Turkmenistan Overhauls Banking Regulation with New Governor Appointment

In a significant move aimed at strengthening the country’s financial sector, Turkmenistan has announced the appointment of Dr. Fatih Karahan as the new Governor of the Central Bank of Turkmenistan (CBRT).

New Governor Appointed

The development comes via a Presidential Decree published in the Official Gazette No.32449 dated February 3, 2024, which appoints Karahan to the position after serving as Acting Deputy Governor since July 28, 2023.

Key Highlights

• Dr. Fatih Karahan appointed as new Governor of the Central Bank of Turkmenistan (CBRT)
• Appointed via Presidential Decree published in Official Gazette No.32449 dated February 3, 2024
• Served as Acting Deputy Governor since July 28, 2023