Turkmenistan manat


Turkmenistan manat
Turkmenistan manat
Türkmen manady (Turkmen)
Old 500 manat banknote
Old 500 manat banknote
ISO 4217 code TMT
User(s) Turkmenistan Turkmenistan
Inflation 11%
Source The World Factbook, 2006 est.
Subunit
1/100 tennesi / tenge (teňňe (Turkmen))
Symbol m
Plural manat
tennesi / tenge (teňňe (Turkmen)) tennesi / tenge (teňňe (Turkmen))
Coins 1, 2, 5, 10, 20, 50 tennesi (tenge), 1, 2 manat
Banknotes 1, 5, 10, 20, 50, 100, 500 manat
Central bank Central Bank of Turkmenistan
Website www.cbt.tm

The Manat is the currency of Turkmenistan. It was introduced on November 1, 1993, replacing the Russian ruble at a rate of 1 manat = 500 ruble. The ISO 4217 code is TMM and the manat is subdivided into 100 tennesi. The abbreviation m is sometimes used, e.g., 25 000 m is twenty-five thousand manat.

On January 1, 2009 the new manat was introduced with ISO 4217 code TMT at the rate of 5000 old manat to 1 new manat.[1]

Contents

Etymology

The word "manat" is borrowed from the Russian word "монета" "moneta" meaning "coin". Likewise, 'manat' was the name of the Soviet ruble in both Azeri and Turkmen.

Coins

In 1993, coins were introduced in denominations of 1, 5, 10, 20 and 50 tennesi. The 1, 5 and 10 tennesi were struck in copper-plated-steel, with the higher denominations in nickel-plated-steel. After a period of inflation, new coins of 500 and 1000 manat were introduced in 1999. During the monetary reform of 2009, new coins of 1, 2, 5, 10, 20 and 50 tenge were issued with bimetallic 1 and 2 manats following in 2010. All circulating coins of Turkmenistan have been minted by the Royal Mint.

Banknotes

First Manat

In 1993, notes were introduced in denominations of 1, 5, 10, 20, 50, 100 and 500 manat. These were followed by notes for 1000 manat in 1995 and 5000 and 10,000 manat in 1996. In 2005, a new series of notes was introduced in denominations of 50, 100, 500, 1000, 5000 and 10,000 manat. All notes bear a portrait of former president Saparmurat Niyazov.

Second Manat

Banknotes are printed in denominations of 1, 5, 10, 20, 50, 100, and 500 new manat. Only the highest valued banknote, 500 manat, bears the portrait of Saparmurat Niyazov, while the others feature images of buildings in Ashgabat and portraits of Ahmed Sanjar, Oghuz Khan, Magtymguly Pyragy and other figures in Turkmen history.[2]
Images of new notes: [1]

Black market exchange

The manat has a large disparity between its official and black market rates, with the latter being roughly 21% greater than the official. This results in few institutions outside Turkmen Governmental control supporting the official rate. A few multinational companies have continued to adhere to the official rate - such as British Airways - but generally only for purchases by Turkmen passport holders in the country itself.

Current TMT exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD TRY AZN IRR
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD TRY AZN IRR
From OzForex: AUD CAD CHF EUR GBP HKD JPY USD TRY AZN IRR
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD TRY AZN IRR
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD TRY AZN IRR
  • Rates obtained from these websites could be substantially different from bank and black market rate.

See also

References

Footnotes

External links

First manat
Preceded by:
Russian ruble
Reason: independence from Soviet Union
Ratio: 1 first manat = 500 rubles
Currency of Turkmenistan
November 1, 1993 – December 31, 2008
Succeeded by:
Second manat
Reason: inflation
Ratio: 1 second manat = 5000 first manat
Second manat
Preceded by:
First manat
Reason: inflation
Ratio: 1 second manat = 5000 first manat
Currency of Turkmenistan
January 1, 2009 –
Succeeded by:
Current

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Turkmenistan-Manat — Manat Staat: Turkmenistan Unterteilung: 100 Teňňe ISO 4217 Code: TMT Abkürzung: m Wechselkurs: (21. November 2011) 1 USD = 2,85 TMT (fix) 1 EUR = 3,8355 TMT 1 TMT = 0,26072 EUR …   Deutsch Wikipedia

  • Turkmenistan-Manat — Turkmenistan Manat,   Abkürzung TMM, Währungseinheit in Turkmenistan seit 1994, 1 TMM = 100 Tenge …   Universal-Lexikon

  • Turkmenistan Manat- TMT — The official currency of the country of Turkmenistan. The Turkmenistan manat is divided into 100 tennesi. The manat was introduced in 1993 to replace the prior unit of currency used in Turkmenistan, the Russian ruble. Later in 2009, the new manat …   Investment dictionary

  • Türkmenistan — Jumhuriyäti Republik Turkmenistan …   Deutsch Wikipedia

  • Manat —   der, , Währungseinheit in Aserbaidschan (Aserbaidschan Manat) und Turkmenistan (Turkmenistan Manat) …   Universal-Lexikon

  • Manat — steht für: Aserbaidschan Manat, die Währung Aserbaidschans Turkmenistan Manat, die Währung Turkmenistans Georgischer Manat, die Währung der Demokratischen Republik Georgien 1918–1921 Manat (Göttin), bei den Kuraishiten die Mondgöttin und Göttin… …   Deutsch Wikipedia

  • Turkmenistan — Turkmenien (veraltet) * * * Turk|me|ni|s|tan; s: Staat im Südwesten Mittelasiens. * * * Turkmenistan,     Kurzinformation:   Fläche: 488 100 km2   Einwohner: (2000) 4,5 Mio.   Ha …   Universal-Lexikon

  • Manat (desambiguación) — La palabra Manat tiene las siguientes acepciones: Manat es una diosa perteneciente a la mitología árabe; Manat es el nombre de las divisas empleadas actualmente en Azerbaiyán y Turkmenistán: Manat azerí Manat turkmeno Esta página de… …   Wikipedia Español

  • Manat turkmeno — türkmen manat / түркмен манат en Idioma turkmeno Monedas circulantes desde 2009 …   Wikipedia Español

  • Manat Turkmène — Pour les articles homonymes, voir Manat (homonymie). Le manat (code ISO 4217 : TMM) est l unité monétaire du Turkménistan. Il a été créé le 1er novembre 1993, en remplaçant du rouble russe au taux de 1 manat = 500 roubles. Un manat… …   Wikipédia en Français


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