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The manat is the currency of Turkmenistan. It was introduced on 1 November 1993, replacing the Russian ruble at a rate of 1 manat = 500 rubles.[1][failed verification] The ISO 4217 code was TMM, and the manat was subdivided into 100 tenge. The abbreviation m is sometimes used, e.g., 25 000 m is twenty-five thousand manat.

On 1 January 2009, the new manat was introduced with ISO 4217 code TMT at the rate of 5000 old manat to 1 new manat.[2]

External links

First manat
Preceded by:
Russian ruble
Reason: independence from the USSR