About the Turkmenistani Manat
The current Turkmenistani Manat (TMT) was introduced in 2009, replacing the old Manat (TMM) at a rate of 5,000 old Manats to 1 new Manat. This redenomination aimed to simplify calculations and present a more credible currency.
The name 'Manat' is derived from the Russian word 'moneta' (монета), meaning 'coin'.
Interesting Facts
A Closed Economy
Turkmenistan maintains a tightly controlled and largely closed economy, heavily reliant on its vast natural gas reserves. The Manat is not freely convertible.
Portraits of Leaders
Banknotes typically feature the portraits of former President Saparmurat Niyazov (Turkmenbashi) and, more recently, national symbols and architectural landmarks, reflecting the country's unique political system.
The White City
Ashgabat, the capital, known as the 'White City' for its numerous white marble buildings, is often depicted on the currency, showcasing national pride.
Historical Timeline
Turkmenistan gains independence from the Soviet Union.
The first Manat (TMM) replaces the Russian Ruble.
The new Manat (TMT) is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- TMT
- Symbol
- T
- Numeric Code
- 934
- Subunit
- Tenge (1/100)
- Introduced
- 2009-01-01
Central Bank
- Name
- Central Bank of Turkmenistan
- Headquarters
- Ashgabat, Turkmenistan
- Founded
- 1991
- Current Governor
- Toyly Komekov (since 2015)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 10.0%
- Interest Rate
- 5.00%
Exchange Rates
What Affects the TMT Exchange Rate?
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