Turkmenistan · Banking & Payments

State Bank for Foreign Economic Affairs

Name: State Bank for Foreign Economic Affairs
Brand: State Bank for Foreign Economic Affairs

Up to date as of October 23, 2026

The State Bank for Foreign Economic Affairs of Turkmenistan (Vnesheconombank) is the state bank for foreign-currency accounts, international payments and services for foreign companies and their staff.

What it helps with

A local cardA card in manats for payments in Turkmenistan.
Paying bills from the phoneUtilities and mobile top-ups.
Salary accountCommon for employees in Turkmenistan.

About State Bank for Foreign Economic Affairs:

Founded in 1992, the bank handles most of the country's foreign-currency operations: accounts in dollars and euros, international transfers, trade finance and payroll for embassies and foreign firms. It also offers cards and internet banking.

Key Features:

Accounts and cards: Manat and foreign-currency accounts with cards.
Online banking: Balances, payments and transfers.
Utility payments: Phone, internet and housing bills.

How to Get Started:

Visit a branch with your passport.
Open an account and order a card.
Register for online banking with your phone number.
Pay bills and transfer money in the app.

Before you use it

Sign-up: Foreigners need a passport with a valid visa or residence permit to open an account.
Payment: Currency exchange happens only at banks at the official rate; keep the receipt.

Local number needed Local ID needed

Frequently Asked Questions

Does State Bank for Foreign Economic Affairs work with a foreign bank card in Turkmenistan?: Not reliably — a foreign card may be declined. Check the notice above, or plan to use a local payment method.
Is State Bank for Foreign Economic Affairs available in English?: Not officially — the interface is mainly in the local language.
Do I need a local phone number to use State Bank for Foreign Economic Affairs?: Yes, State Bank for Foreign Economic Affairs requires a local phone number to register.
Do I need local ID or residency for State Bank for Foreign Economic Affairs?: Yes, State Bank for Foreign Economic Affairs requires local ID or residency status.
Where can I use State Bank for Foreign Economic Affairs?: iOS · Android · Web
How much does State Bank for Foreign Economic Affairs cost?: Card and account fees per the bank's tariff