SECTION VII. ECONOMY AND FINANCIAL SYSTEM
Article 134
The economy of Turkmenistan shall be based on the principles of market relations.
The state shall encourage and support entrepreneurship, promote development of small and medium enterprises.
Article 135
Taxes, fees and other mandatory payments of the government, the grounds of tax liability, system of legal protection of the taxpayer shall be determined by law.
Article 136
The financial system of Turkmenistan shall consist of the budget system, banking system, financial institutions and financial assets of enterprises, organizations, agencies and citizens of Turkmenistan.
In Turkmenistan shall be implemented the common budget, financial, tax, monetary and credit policy.
Article 137
The budget system of Turkmenistan shall consist of aggregate budgets of all levels constituting components of the State Budget of Turkmenistan.
General principles of budgeting and operation of the budget system of Turkmenistan, as well as the basis for budget operations and inter-budget relations in Turkmenistan shall be determined by law.
Article 138
The banking system of Turkmenistan shall consist of the Central Bank and credit institutions of Turkmenistan.
The Central Bank of Turkmenistan shall ensure implementation of the uniform state monetary-credit policy, organization of cash circulation, the functioning of settlement and payment system, protection of interests of creditors and depositors of credit institutions and the management of international reserves of Turkmenistan, and perform other functions stipulated by law.
Article 139
The Manat shall be the national currency.
The turnover of the foreign currency on the territory of Turkmenistan shall be governed by law.
