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Homework answers / question archive / Evaluate (weaknesses and strengths) Turkmenistan's national currency in the light of the functions of money
Evaluate (weaknesses and strengths) Turkmenistan's national currency in the light of the functions of money.
The Turkmenistan manat (TMT) is the public money of Turkmenistan. It is going about as a proficient proportion of money in Turkmenistan and it is likewise utilized essentially in the exchange rate markets.
Strength of TMT in setting of the capacity of money-
A. Medium of exchange-TMT is utilized as a medium of exchange and is a profoundly fruitful medium of exchange since it is utilized for trading with different products
B. Unit of value-it is another effective part of TMT as unit of value since it is utilized as valuation of different merchandise and ventures in TMT terms
C. Store of value-TMT is likewise utilized as a store of value in various pieces of the world as it is additionally utilized in foreign reserves for different nations.
D. Proportion of the conceded installment TMT can additionally be utilized for making installments late
there are sure weaknesses in regard to TMT acting as money as it is dependent upon control by different nations as they will be attempting to fix the development of TMT in regard to the cash and the general development of TMT is likewise control to certain degree by disinfected intercession of the Central bank of Turkmenistan.