Turkmenistan manat Currency | TMT | Turkmen Manat

Turkmenistan manat

Turkmenistan manat:

The manat is the official currency of Turkmenistan. The Turkmenistan manat is sub divided into 100 tennesi. On November 1, 1993, the manat (TMM) was introduced to replace the prior unit of currency used in Turkmenistan, the Russian ruble at a rate of 1 manat = 500 rubles. On January 1, 2009, the new manat (TMT) was introduced with an exchange rate of 5,000 old manat to one new manat.

Coins were introduced in 1993 in the denominations of 1, 5, 10, 20 and 50 tenge. After a period of high inflation, in 1999, 500- and 1,000-manat coins were circulated. In 2009, during the monetary reform, new coins were  put into circulation and in 2010, 1 and 2 manats were introduced. Manat notes were introduced in 1993 in denominations of 1, 5, 10, 20, 50, 100 and 500 replacing the Soviet ruble. The present bank notes in circulation are 1, 5, 10, 20, 50, 100 manat.

Turkmenistan manat

Turkmen Manat (Turkmenistan):

Code: TMT

Symbol: T

Subunit:       

1/100 = tenge (teňňe (in Turkmen))

Banknotes:  

1, 5, 10, 20, 50, 100 manat

Coins:

1, 2, 5, 10, 20, 50 tenge, 1, 2 manat

Central bank            :

Central Bank of Turkmenistan

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