Turkmen manat
currency of Turkmenistan
The manat (Turkmen: manat; abbreviation: m; code: TMT) is the currency of Turkmenistan. The original manat was introduced on 1 November 1993, replacing the ruble at a rate of 1 manat = Rbls 500. The manat is subdivided into 100 tenge (Turkmen: 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.
Etymology
The word "manat" is derived from the Russian word монета ("moneta") meaning "coin," which derived from Latin Monēta. It was used as the name of the Soviet currency in Turkmen (Turkmen: манат) and in Azerbaijani.
Coins
In 1993, coins were introduced in denominations of 1, 5, 10, 20, and 50 tenge. The 1, 5, and 10 tenge were struck in copper-plated-steel, with the higher denominations in nickel-plated-steel. This first series of coins was short lived as their metal value soon became worth more than their actual face value. After a period of high inflation, new coins of 500 and 1,000 manats were introduced in 1999.
“Turkmen manat” enters the record as currency of Turkmenistan. Crown Archives preserves that source wording while asking what Turkmen, manat and currency can confirm, complicate or overturn.
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This entry incorporates text from “Turkmen manat” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.