Manat


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Manat

A name for a currency in Central Asia. The currencies of both Azerbaijan and Turkmenistan are called the manat. In Azerbaijan, the Soviet ruble was called the manat locally.
References in periodicals archive ?
It is possible to cover the difference arising in the result of banks' recalculation of payments on foreign currency loans by means of 3 billion manats formed as a result of the revaluation of foreign exchange reserves of the central bank after the devaluation of the manat, he said.
The bank said it would continue to take part in the foreign exchange market and that it would target a corridor for the manat against the dual-currency basket.
1% year-on-year in the first quarter of this year to around 18 trillion manat, according to the National Statistics Institute (The official exchange rate on April 9 was 5,200 manat/US$1.
5 manats, with an interval calculation of 30 kilobytes.
Within the framework of the forum entrepreneurs operating in Sheki-Zagatala economic region have been granted more than 1 million manat preferential loans.
Slow economic growth in Azerbaijan, compounded by the devaluation of the manat, will limit demand growth for petrochemicals, which has largely been fulfilled by imports.
The main reason for changing the exchange rate of manat is the threefold decline in oil prices, said the president, adding that changing manat's exchange rate was inevitable.
In order to forecast the likely impact on the Turkmen Manat, it is essential to understand the factors that led to Tenge free float decision:
We slightly reduced the exchange rate of manat against the freely convertible foreign currency," stated the President.
The project, worth 100m manat, will require to upgrade the existing railway between Baku and Sumqay?
The weakened condition of the national currency, the manat, was a key factor in the company's decision to suspend operations.
According to the Central Bank, the rate increase will help to increase local currency deposits and improve trust in manat.