TMTTurkmenistani ManatTurkmenistani Manat (TMT)
The Turkmenistani manat is Turkmenistan's official currency and the unit used for domestic prices, payments and state accounts. The Central Bank of Turkmenistan is the monetary authority associated with the manat and its cash issue. TMT is the ISO code that distinguishes Turkmenistan's manat from Azerbaijan's AZN manat and other similarly named currencies. One manat is divided into 100 tenge. Country context and the code are especially important in international data because the short word manat alone is not a unique identifier.
- ISO code
- TMT
- Symbol
- m
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- Managed exchange-rate framework
- Last reviewed
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Quick facts
TMT at a glance
Currency profile
How TMT works
The Turkmenistani manat is Turkmenistan's official currency and the unit used for domestic prices, payments and state accounts. The Central Bank of Turkmenistan is the monetary authority associated with the manat and its cash issue. TMT is the ISO code that distinguishes Turkmenistan's manat from Azerbaijan's AZN manat and other similarly named currencies. One manat is divided into 100 tenge. Country context and the code are especially important in international data because the short word manat alone is not a unique identifier.
Central Bank of Turkmenistan administers TMT within a managed exchange-rate framework system.
- The current manat scale was introduced in 2009 at 5,000 old manats for one new manat.
- The reviewed cash profile records TMT 1, TMT 5, TMT 10, TMT 20, TMT 50, TMT 100, TMT 200, TMT 500 for banknotes and TMT 1, 2, 5, 10, 20 and 50 tenge, TMT 1 and 2 for coins.
Context
Why this currency matters
Turkmenistan redenominated its currency in 2009 at 5,000 old manats for one new manat. The Central Bank's currency information documents the current notes and coins and the local role of TMT. The currency is treated as a managed exchange-rate framework in this reference catalogue; a dated provider value should not be presented as a guarantee of an official retail quote or cash availability. Historical work must distinguish the current TMT scale from old-manat amounts and preserve the date used for every comparison. The manat name appears in more than one currency context, making the TMT code and Turkmenistan country name essential for an unambiguous quote.
Monetary framework
Exchange arrangement
Turkmenistani Manat operates under the reviewed managed exchange-rate framework arrangement.
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History timeline
Key dates for TMT
First manat introduced
Turkmenistan replaced the Soviet ruble with a national manat.
Central Bank of TurkmenistanManat redenominated
The current TMT replaced five thousand old manats represented by TMM.
Central Bank of TurkmenistanBanknote series updated
Turkmenistan issued redesigned notes within the current redenominated system.
Central Bank of Turkmenistan
Usage and economy
How TMT is used
- TMT is used for Turkmen domestic prices, wages, taxes and state accounting.
- Energy exports and Central Asian commerce create comparisons with USD, AZN, KZT and UZS.
Banknotes and coins
TMT currency units
The issuing authority documents the reviewed TMT banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for TMT.
One Turkmenistani Manat unit is recorded with 2 decimal places and uses Tenge as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
TMT questions
How did the 2009 redenomination work?
The current manat replaced the old scale at 5,000 old manats for one new manat in 2009.
Is TMT the same as AZN?
No. TMT is Turkmenistan's manat, while AZN is Azerbaijan's manat; the two currencies have different issuers and codes.
What changed for TMT in 1993?
Turkmenistan replaced the Soviet ruble with a national manat.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.