Turkmenistan Manat (TMT)

The Turkmenistan Manat (TMT) is the official currency of Turkmenistan. It is divided into 100 Tenge. The currency is issued and regulated by the Central Bank of Turkmenistan.

The Turkmenistan Manat was introduced in 1993 after Turkmenistan gained independence following the dissolution of the Soviet Union. The currency features designs that reflect Turkmenistan’s cultural and historical symbols.

Banknotes of the Turkmenistan Manat are available in denominations of 1, 5, 10, 20, 50, and 100 Manat. Additionally, there are coins in denominations of 1, 2, 5, 10, 20, and 50 Tenge.

The Turkmenistan Manat is accepted as legal tender throughout Turkmenistan and is used by both the local population and tourists for daily transactions, shopping, and tourism-related expenses.

The Central Bank of Turkmenistan determines the value and stability of the Turkmenistan Manat through its monetary policies. The exchange rates can fluctuate based on supply and demand factors.

There are currency exchange services available at banks and exchange bureaus in Turkmenistan for converting the Turkmenistan Manat to other currencies.

The value of the Turkmenistan Manat can experience fluctuations against other currencies. These fluctuations can be influenced by economic factors, political instability, trade balance, and other international factors.

The Turkmenistan Manat plays a significant role in Turkmenistan’s economic activities. The country engages in trade and investments in sectors such as energy, agriculture, and natural resources.

In conclusion, the Turkmenistan Manat is the official currency of Turkmenistan. It is widely used within the country and serves as an important medium of exchange for daily transactions, shopping, and tourism-related expenses. The Central Bank of Turkmenistan determines the value and stability of the currency through its monetary policies.