Turkmenistani manat
From Wikipedia, the free encyclopedia
| Turkmenistani manat türkmen manat / түркмен манат (Turkmen) |
|||
|
|||
| ISO 4217 Code | TMM | ||
|---|---|---|---|
| User(s) | Turkmenistan | ||
| Inflation | 11% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | tennesi | ||
| Symbol | m | ||
| Plural | manat | ||
| tennesi | tennesi | ||
| Coins | 500, 1000 manat | ||
| Banknotes | 1, 5, 10, 20, 50, 100, 500, 1000, 5000, 10000 manat | ||
| Central bank | Central Bank of Turkmenistan | ||
The manat is the currency unit of Turkmenistan. It was introduced on November 1, 1993, replacing the Russian ruble at a rate of one manat for 500 rubles. A Turkmenistani manat (TMM) is made up of 100 tennesi. The abbreviation m is sometimes used, e.g. 25 000 m is twenty-five thousand manat.
Contents |
[edit] Etymology
The word 'manat' is borrowed from the Russian word "moneta" meaning "coin". Likewise, 'manat' was the name of the Soviet ruble in both Azeri and Turkmen.
[edit] Coins
A series of tennesi coins were issued in 1993. They were 1, 5, 10, 20, and 50 tennesi. Another series of 500 and 1000 manat was issued in 1999.
[edit] Banknotes
Presently, banknotes are issued in denominations of 1, 5, 10, 20, 50, 100, 500, 1000, 5000 and 10000 manat, . All notes bear a portrait of former president Saparmurat Niyazov.
[edit] 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.
| Use Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| Use XE.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| Use OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD |
Note: Rates obtained from these websites could be substantially different from black market rate
[edit] See also
[edit] External links
|
|
|
|---|---|
| Central | Afghan afghani · Kazakhstani tenge · Kyrgyz som · Mongolian tugrug · Russian ruble · Tajik somoni · Turkmen manat · Uzbek som |
| East | Chinese yuan · Hong Kong dollar · Japanese yen · Macanese pataca · North Korean won · New Taiwan dollar · South Korean won |
| South-East | Brunei dollar · Cambodian riel · Indonesian rupiah · Lao kip · Malaysian ringgit · Myanmar kyat · Philippine piso · Singapore dollar · Thai baht · U.S. dollar (East Timor) · Vietnamese đồng |
| South | Bangladeshi taka · Bhutanese ngultrum · Indian rupee · Maldivian rufiyaa · Nepalese rupee · Pakistani rupee · Sri Lankan rupee |
| West | Armenian dram · Azerbaijani manat · Bahraini dinar · Cypriot pound · Egyptian pound · Georgian lari · Iranian rial · Iraqi dinar · Israeli new sheqel · Jordanian dinar · Kuwaiti dinar · Lebanese lira · Omani rial · Qatari riyal · Saudi riyal · Syrian pound · Turkish new lira · UAE dirham · Yemeni rial |
