Duty free: The truth about shopping in airports
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The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, first introduced in 1993 to replace the Soviet Ruble. The currency underwent redenomination in 2009, with 1 new manat replacing 5,000 old manat, simplifying transactions and improving confidence in the monetary system. The Central Bank of Turkmenistan oversees the currency’s regulation, ensuring stability in a largely state-controlled economy reliant on natural gas exports. The manat’s value is closely managed by the government, with exchange rates subject to strict controls. The currency's stability is significant for Turkmenistan’s economy, where energy revenues play a major role in national development.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.