Investopedia

Continue to Site »

Turkmenistan Manat- TMT

Filed Under »
Dictionary Says

Definition of 'Turkmenistan Manat- TMT'

The official currency of the country of Turkmenistan. The Turkmenistan manat is divided into 100 tennesi. The manat was introduced in 1993 to replace the prior unit of currency used in Turkmenistan, the Russian ruble. Later in 2009, the new manat was placed into circulation, with an exchange rate of 5,000 old manat to one new manat.
Investopedia Says

Investopedia explains 'Turkmenistan Manat- TMT'

Manat was the word used in Turmen and Azeri for the Soviet ruble during the time of its use, and is similar to the Russian word for coin. At the time of the manat's release, coins (tennesi) were also introduced in denominations from one to 50. Later in 1999, 500- and 1,000-manat coins were circulated following a period of high inflation, with new coins (called tenge) put into circulation in 2009 during the nation's monetary reform.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Forex: Wading Into The Currency Market

    We go over the ground rules and available resources needed for this undertaking.

  3. Protect Your Foreign Investments From Currency Risk

    Hedging against currency risk can add a level of safety to your offshore investments.

  4. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.

  5. The Impact Of Currency Conversions

    Will a rising or falling dollar hurt you or your company?

  6. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  7. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  8. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  9. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

  10. The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center