Jump to content

Turkmen manat: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
link standardization
Dove1950 (talk | contribs)
3,544 edits
Corrected
(One intermediate revision by the same user not shown)
Line 3: Line 3:
| iso_code = TMM
| iso_code = TMM
| image_1 = Turkmenistan 007.jpg{{!}}200px
| image_1 = Turkmenistan 007.jpg{{!}}200px
| image_title_1 = current 500 manat banknote
| image_title_1 = Current 500 manat banknote
| using_countries = [[Turkmenistan]]
| using_countries = [[Turkmenistan]]
| inflation_rate = 11%
| inflation_rate = 11%
Line 18: Line 18:
}}
}}


The '''manat''' is the [[currency]] [[Units of measurement|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.
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.


==Etymology==
==Etymology==
Line 24: Line 24:


==Coins==
==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.
In 1993, coins were introduced in denominations of 1, 5, 10, 20 and 50 tennesi. The 1, 5 and 20 tennesi were struck in copper-plated-steel, with the higher denominations in nickel-plated-steel. In 1999, after a period of high inflation, 500 and 1000 manat coins were introduced.


==Banknotes==
==Banknotes==
Presently, [[banknote]]s 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]].
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]].


==Black market exchange==
==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.
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.


{{Exchange Rate|TMM|
{{Exchange Rate|TMM|
note=Rates obtained from these websites could be substantially different from black market rate}}
note=Rates obtained from these websites could be substantially different from black market rate}}


== See also ==
==See also==
*[[Economy of Turkmenistan]]
*[[Economy of Turkmenistan]]
*[[Azerbaijani manat]]
*[[Azerbaijani manat]]


==References==
⚫
== External links ==
{{refbegin}}
*{{cite book | title=Standard Catalog of World Coins: 1801-1991 |edition= 18th ed. | author=Chester L. Krause & Clifford Mishler|editor= Colin R. Bruce II| publisher=Krause Publications | year=1991| id=ISBN 0-87341-150-1 }}
*{{cite book | title=Standard Catalog of World Paper Money, General Issues| edition=7th ed. | author=Albert Pick |editor=Neil Shafer & Colin R. Bruce II|publisher=Krause Publications| year=1994| id=ISBN 0-87341-207-9 }}
{{refend}}

⚫
==External links==
{{Standard numismatics external links
{{Standard numismatics external links
| world_coin_gallery_1_url = Turkmen
| world_coin_gallery_1_url = Turkmen

Revision as of 21:41, 29 May 2007

Turkmen manat
türkmen manat / түркмен манат Template:Tk icon
Current 500 manat banknote
ISO 4217
CodeTMM
Unit
Pluralmanat
Symbolm‎
Denominations
Subunit
 1/100tennesi
Plural
 tennesitennesi
Banknotes1, 5, 10, 20, 50, 100, 500, 1000, 5000, 10000 manat
Coins500, 1000 manat
Demographics
User(s)Turkmenistan
Issuance
Central bankCentral Bank of Turkmenistan
Valuation
Inflation11%
 SourceThe World Factbook, 2006 est.

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.

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.

Coins

In 1993, coins were introduced in denominations of 1, 5, 10, 20 and 50 tennesi. The 1, 5 and 20 tennesi were struck in copper-plated-steel, with the higher denominations in nickel-plated-steel. In 1999, after a period of high inflation, 500 and 1000 manat coins were introduced.

Banknotes

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.

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 TMM exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD

Note: Rates obtained from these websites could be substantially different from black market rate

See also

References

  • Chester L. Krause & Clifford Mishler (1991). Colin R. Bruce II (ed.). Standard Catalog of World Coins: 1801-1991 (18th ed. ed.). Krause Publications. ISBN 0-87341-150-1. {{cite book}}: |edition= has extra text (help)
  • Albert Pick (1994). Neil Shafer & Colin R. Bruce II (ed.). Standard Catalog of World Paper Money, General Issues (7th ed. ed.). Krause Publications. ISBN 0-87341-207-9. {{cite book}}: |edition= has extra text (help)

Template:Standard numismatics external links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Turkmen_manat&oldid=134414162"