Turkmenistan Currency

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

On January 1, 2009 the new manat was introduced with ISO 4217 code TMT.

Old Manat is not acceptable as a payment from 01.01.2010 but till 2013 will be changed into new manat at local banks without exchange fees.

There are fixed exchange rates for USD: 1 USD - 2 manat 85 tenge (buy: 1-2.8430, sell: 1-2.8560) in Turkmenistan.

Exchange bank offices are available at 15 places within Ashgabat and at the airport there is 24 hours exchange bank office (in the city too there is one).

For other currencies it depends the world exchange rates on USD to other currencies.

All major currencies are changeable at some banks in Turkmenistan.

1 manat = 5,000 old manat
5 manat = 25,000 old manat
10 manat = 50,000 old manat
20 manat = 100,000 old manat
50 manat = 250,000 old manat
100 manat = 500,000 old manat
500 manat = 2,500,000 old manat

1 tenge = 50 old manat
2 tenge = 100 old manat
5 tenge = 250 old manat
10 tenge = 500 old manatv
20 tenge = 1,000 old manat
50 tenge = 2,500 old manat