Purpose of currency reform, that ‘000 will be deleted from the currency, might have another implication. For example, it might be a way to introduce Turkmen heroic figures of the past in new currencies. If it were solely for accounting purposes, we are not even close to the loss of value of currency other countries who had introduced currency reform in the past - such as Turkey and Zimbabwe .

After a thorough experience, my advice for a country like Turkmenistan, oil sector being the single most developed sector, funds flowing from oil income should NOT be directed into the economy. It will create a massive availability of foreign currency, say US dollars, and will cause Turkmen manat to appreciate. It will cause other sectors to lose competitiveness in world market and will slow down. Best practice should be to create a separate fund abroad, definitely abroad, and to use that fund for investment purposes.

Strong economists should be hired and let them do their jobs. One last thing: Central Bank should be independent of political pressure so that central bank business cycles do not move in the same cycle political swings take place.