Turkmenistani Manat


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Turkmenistani Manat

The currency of Turkmenistan. It was introduced 1993 and was revalued in January 2009 at a rate of 5,000 to one after the old manat suffered from high inflation in the 1990s and 2000s.
References in periodicals archive ?
The fall was mainly due to the Central Bank of Turkmenistan changing the exchange rate for the Turkmenistani manat (TMM) from 5,200 to the US dollar in December 2007 to 14,250 in mid-2008.