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President of Turkmenistan Congratulates the Nation on the 32nd Anniversary of the National Currency — the Manat
01 Nov. 12:24President of Turkmenistan Serdar Berdimuhamedov congratulated the people of the country and the employees of the banking sector on the 32nd anniversary of the introduction of the national currency — the Turkmen manat.
In his congratulatory message, the head of state emphasized that the introduction of the manat was an important step in strengthening the country's financial independence, ensuring economic stability, and developing its monetary system.
The president highlighted the key role of the banking sector in facilitating capital circulation, expanding investment, and implementing modern digital technologies that enhance the efficiency of financial operations and improve the quality of banking services.
The message also stated that work continues to align national banking legislation with international standards, expand electronic payment systems, and strengthen cooperation with international financial institutions, including the IMF, the World Bank, and Fitch Ratings.
Serdar Berdimuhamedov noted that Turkmenistan has achieved the level of countries with high per capita income, and that international organizations give a positive assessment of the country's sustainable economic development.
In conclusion, the president wished his compatriots good health, prosperity, and success in their work for the continued progress of independent and neutral Turkmenistan.
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Facing a record drop in fertility rates, Singapore is significantly expanding its family support framework. According to Bloomberg, Prime Minister Lawrence Wong announced increases in direct financial assistance alongside enhanced housing benefits for young families.
Under the updated policy, every Singaporean child up to the age of 17 will be eligible to receive up to 70,000 Singapore dollars (approximately $55,000 USD) in total support, which includes cash payouts, educational grants, and related benefits. The government is also expanding paid parental leave and capping monthly out-of-pocket costs for government-subsidized childcare at 150 Singapore dollars.
These interventions aim to reverse a severe demographic decline, marked by last year's fertility rate drop to 0.87 children per woman, while over 20% of the country's population is currently aged 65 or older.
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