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Country Profile - Turkmenistan


Turkmenistan is located in Central Asia bordered by Kazakhstan, Uzbekistan, Afghanistan and Iran, with the landlocked Caspian Sea to the west. Sharing borders with these countries, especially Afghanistan, creates obvious security issues and complications. Turkmenistan is the world’s 52nd  largest country with over 80% of the country covered by the Karakum Desert.


General Information:

Capital: Ashgabat

Language: Turkmen (official) 72%, Russian 12%, Uzbek 9%, other 7%

Religion: Muslim 89%, Eastern Orthodox 9%, unknown 2%

Currency: Manat

Cryptocurrency: There’s no concrete information regarding virtual currencies’ legal status in Turkmenistan. Cryptocurrency is limited to purchase in foreign currency, which is hard to get a hold of due to Government limiting access to foreign currency.

GMT: (+) 5

Turkmenistan is rich in gas reserves although the majority of the population being impoverished. It produces roughly 70 billion cubic metres of natural gas each year and about two thirds of its exports go to Russia. Turkmenistan also has a reputation as an island of stability in restive Central Asia.

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