What is banking, and what are its benefits in Turkmenistan?

Banking involves the provision of financial services, including taking deposits, giving out loans, and assisting with financial transactions. Banks are vital in the economy as they offer individuals and companies access to important financial products like checking and savings accounts, loans, and investments. Turkmenistan’s growing banking industry provides stability and investment prospects, making it a secure option for those in need of banking and financial services in a developing economy.