Turkmenistan manat

Turkmenistan manat
The manat (manat; abbreviation: m; code: TMT) is the currency of Turkmenistan. The original manat was introduced on 1 November 1993, replacing the rouble at a rate of 1 manat = Rbls 500. The manat is subdivided into 100 tenge (teňňe).

Due to heavy inflation a new manat was introduced on 1 January 2009 at the rate of 5,000 old manats to 1 new manat.

The word "manat" is derived from the Persian word "munāt" and the Russian word "монета" ("moneta") meaning "coin". It was used as the name of the Soviet currency in Turkmen (манат) and in Azeri.

  • Turkmenistan
    Turkmenistan ( or ; Türkmenistan / Түркменистан, ) is a country located in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north, east and northeast, Afghanistan to the southeast, Iran to the south and southwest and the Caspian Sea to the west. Ashgabat is the capital and largest city. The population is about 6 million, the lowest of the Central Asian republics, and Turkmenistan is one of the most sparsely populated nations in Asia.

    Turkmenistan has long served as a thoroughfare for other nations and cultures. Merv is one of the oldest oasis-cities in Central Asia, and was once the biggest city in the world. It was also one of the great cities of the Islamic world and an important stop on the Silk Road. Annexed by the Russian Empire in 1881, Turkmenistan figured prominently in the anti-Bolshevik movement in Central Asia. In 1925, Turkmenistan became a constituent republic of the Soviet Union, the Turkmen Soviet Socialist Republic (Turkmen SSR); it became independent after the dissolution of the Soviet Union in 1991.