Turkmenistan has updated its rules for providing safe deposit boxes to individuals and legal entities. An order from Central Bank Governor T. Malikov was registered with the Ministry of Justice on March 5, 2026.
The amendments were made to the regulations governing the Central Bank’s Precious Metals and Precious Stones Fund. They aim to clarify the bank’s interactions with clients.
The new regulations detail the procedure for concluding a safe deposit box lease agreement. The document must specify the rights and obligations of the parties, their responsibilities, and the terms of use of the safe deposit box.
The agreement must be executed in two original copies, each having equal legal force. The Fund’s director and the lessee sign the document.
The rules for using a personal key to access the safe deposit box have also been clarified. Redundant references to the procedure for registering state property have been removed from the regulations. The rent calculation methodology has been brought into line with the provisions of the Civil Code of Turkmenistan.
The Central Bank’s relevant management is responsible for overseeing compliance with the updated requirements.
