View source for Turkmen manat

{{Short description|Currency of Turkmenistan}}
{{Infobox currency
| name = Manat
| local_name = Türkmen manady 
| local_name_lang = tk
| iso_code = TMT
| image_1 = 100 manat. Türkmenistan, 2014 a.jpg
| image_title_1 = 100 manat banknote
| image_width_1 = 200
| using_countries = {{flagicon|Turkmenistan}} [[Turkmenistan]]
| inflation_rate = 8.5%
| inflation_source_date = ''[https://web.archive.org/web/20070613003823/https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2012 est.
| pegged_with = [[United States dollar|US dollar]] (USD) <br> US$1 = 3.50&nbsp;manats
| subunit_ratio_1 = {{frac|1|100}}
| subunit_name_1 = tenge
| symbol = m
| symbol_subunit_1 = t
| unit=manat
| no_plural = Y
| frequently_used_coins = 10, 20, 50 tenge, 1, 2 manats
| frequently_used_banknotes = 1, 5, 10, [[20 manat|20]], [[50 manat|50]], and 100 manats
| rarely_used_coins = 1, 2, 5 tenge
| rarely_used_banknotes = 500 manats
| issuing_authority = [[Central Bank of Turkmenistan]]
| issuing_authority_website = {{URL|http://www.cbt.tm/}}
| printer = [[De La Rue]]
| printer_website = {{URL|https://www.delarue.com|De La Rue}}
| mint = [[Royal Mint]]
| mint_website = {{URL|https://www.royalmint.com|The Royal Mint}}
}}

The '''manat''' ({{langx|tk|manat}}; [[Currency symbol|abbreviation]]: '''m'''; [[ISO 4217|code]]: '''TMT''') is the [[currency]] of [[Turkmenistan]]. The original manat was introduced on 1 November 1993, replacing the [[Soviet rouble|rouble]] at a rate of 1 manat = Rbls&nbsp;500.<ref>{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Turkmenistan | publisher = www.BanknoteNews.com | year = 2012 | location = San Francisco, CA | url = http://www.banknotebook.com}}</ref>{{failed verification|date=November 2017}} The manat is subdivided into 100 ''tenge'' ({{langx|tk|teňňe}}).

Due to heavy inflation a '''new manat''' was introduced on 1 January 2009 at the rate of 5,000 old manats to 1 new manat.<ref>{{Cite web|url=http://www.turkmenistan.ru/?page_id=3&lang_id=en&elem_id=13549&type=event&sort=date_desc|title=Turkmenistan's 5000 manat to equal 1 manat after denomination|date=2008-09-06}}</ref>

==Etymology==
The word ''"manat"'' is derived from the Russian word монета ("moneta") meaning "coin," which derived from [[Latin]] ''[[Moneta|Monēta]]''.<ref>{{cite web|title=Definition of Manat|url=https://www.merriam-webster.com/dictionary/manat|website=Dictionary by Merriam-Webster|access-date=19 March 2018}}</ref> It was used as the name of the [[Soviet ruble#Ruble in the Soviet Union|Soviet currency]] in Turkmen ({{langx|tk|манат}}) and in [[Azerbaijani language|Azerbaijani]].

==Coins==
In 1993, coins were introduced in denominations of 1, 5, 10, 20, and 50 tenge. The 1, 5, and 10 tenge were struck in copper-plated-steel, with the higher denominations in nickel-plated-steel. This first series of coins was short lived as their metal value soon became worth more than their actual face value. After a period of high inflation, new coins of 500 and 1,000 manats were introduced in 1999. All coins of this period had to depict the incumbent president by law.

{|class="wikitable" style="font-size: 90%"
!colspan="8"| Coins of the Turkmen manat (First manat)
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Diameter (millimeters)!!rowspan="2"| Composition !!colspan="2"| Description !!rowspan="2"| Date of issue 
|-
! Obverse !! Reverse !! Obverse !! Reverse
|-{{Coin-copper-color}}
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 05.jpg|40px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 06.jpg|40px]]
| 1&nbsp;tenge
| 16&nbsp;mm
| rowspan="3" | [[Copper]]-plated [[steel]]
| rowspan="3" | Saparmurat Niyazov
| rowspan="3" | Value in center of flower-like design within circle
| rowspan="3" | 1993
|-{{Coin-copper-color}}
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 07.jpg|49px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 08.jpg|49px]]
| 5&nbsp;tenge
| 19.5&nbsp;mm
|-{{Coin-copper-color}}
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 09.jpg|56px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 10.jpg|56px]]
| 10&nbsp;tenge
| 22.5&nbsp;mm
|-{{Coin-silver-color}}
|align="center" bgcolor="white"|[[File:Coins of Turkmenistan 03.jpg|52px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 04.jpg|52px]]
| 20&nbsp;tenge
| 20.9&nbsp;mm
| rowspan="2" | [[Nickel]]-plated [[steel]]
| rowspan="4" |Saparmurat Niyazov
|Value in center of flower-like design within circle
| rowspan="2" |1993
|-{{Coin-silver-color}}
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 13.jpg|60px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 14.jpg|60px]]
| 50&nbsp;tenge
| 24&nbsp;mm
| Value above Cornucopia with a goat head
|-{{Coin-silver-color}}
|align="center" bgcolor="white"|  [[File:Coins of Turkmenistan 11.jpg|52px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 12.jpg|52px]]
| 500&nbsp;manat
| 20.9&nbsp;mm
|  rowspan="2" | [[Nickel]]-clad [[steel]]
| rowspan="2" |  Denomination, date below
| rowspan="2" | 1999
|-{{Coin-silver-color}}
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 01.jpg|60px]]
|align="center" bgcolor="white"| [[File:Coins of Turkmenistan 02.jpg|60px]]
| 1,000&nbsp;manat
| 24&nbsp;mm
|- 
|colspan="8"|{{Standard coin table notice|standard_scale=Y|BrE=Y}}
|}

During the monetary reform of 2009, new coins of 1, 2, 5, 10, 20, and 50 tenge were issued with bimetallic 1 and 2 manats following in 2010. The 1, 2, and 5 tenge are nickel-plated steel while the 10, 20, and 50 tenge are struck in brass. Instead of depicting the current head of state the coins feature a map of Turkmenistan with the Independence Tower superimposed in front of it. All circulating coins of Turkmenistan are struck by the [[Royal Mint]].

{|class="wikitable" style="font-size: 90%"
!colspan="8"| Coins of the Turkmen manat (Second manat)
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Diameter (millimeters)!!rowspan="2"| Composition !!colspan="2"| Description !!rowspan="2"| Date of issue 
|-
! Reverse !! Obverse !! Reverse !! Obverse
|-{{Coin-silver-color}}
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 05.jpg|40px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 06.jpg|40px]]
| 1&nbsp;tenge
| 16&nbsp;mm
| rowspan="3" | [[Nickel]]-plated [[steel]]
| rowspan="8" | Monument of Independence superimposed on the map of Turkmenistan, the text {{langx|tk|Garaşsyz Bitarap Türkmenistan}}, meaning "Independent Neutral Turkmenistan"
| rowspan="8" | Denomination and date
| rowspan="6" | 2009
|-{{Coin-silver-color}}
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 07.jpg|45px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 08.jpg|45px]]
| 2&nbsp;tenge
| 18&nbsp;mm
|-{{Coin-silver-color}}
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 09.jpg|50px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 10.jpg|50px]]
| 5&nbsp;tenge
| 20&nbsp;mm
|-{{Coin-yellow-color}}
|align="center" bgcolor="white"|[[File:Coin of Turkmenistan 11.jpg|55px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 12.jpg|55px]]
| 10&nbsp;tenge
| 22&nbsp;mm
| rowspan="3" | [[Brass]]
|-{{Coin-yellow-color}}
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 13.jpg|60px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 14.jpg|60px]]
| 20&nbsp;tenge
| 24&nbsp;mm
|-{{Coin-yellow-color}}
|align="center" bgcolor="white"|  [[File:Coin of Turkmenistan 15.jpg|65px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 16.jpg|65px]]
| 50&nbsp;tenge
| 26&nbsp;mm
|-{{Coin-yellow-color}}
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 01.jpg|68px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 02.jpg|68px]]
| 1&nbsp;manat
| 27&nbsp;mm
| Bimetallic: [[Cupronickel|copper-nickel]] center in [[brass]] ring
| 2010
|-{{Coin-silver-color}}
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 03.jpg|70px]]
|align="center" bgcolor="white"| [[File:Coin of Turkmenistan 04.jpg|70px]]
| 2&nbsp;manat
| 28&nbsp;mm
| Bimetallic: [[brass]] center in [[Cupronickel|copper-nickel]] ring
|2010
|- 
|colspan="8"|{{Standard coin table notice|standard_scale=Y|BrE=Y}}
|}

==Banknotes==

==={{anchor|TMM}}First manat (TMM, 1993—2009)===
{{Infobox currency
| name = First Turkmen manat
| iso_code = TMM
| qid=Q115215960
| image_1 = Turkmenistan 007.jpg
| image_title_1 = 500 manat banknote of the first manat.
| image_width_1 = 200
| using_countries = {{flagicon|Turkmenistan}} [[Turkmenistan]]
| inflation_rate = 992.39%
| inflation_source_date = ''[https://www.statista.com/statistics/1034335/inflation-rate-in-turkmenistan/ Statista]'', 1996 est.
| used_coins = 1, 2, 5, 10, 20, and 50 tenge, 500 and 1,000 manat
| used_banknotes = 1, 5, 10, 20, 50, 100, 500, 1,000, 5,000, and 10,000 manat
| obsolete = yes
}}

In 1993, manat notes were introduced in denominations of 1, 5, 10, 20, 50, 100, and 500 manat, replacing the Soviet rouble. These were followed by notes for 1,000 manat in 1995 and 5,000 and 10,000 manat in 1996. In 2005, a new series of notes was introduced in denominations of 50, 100, 500, 1,000, 5,000, and 10,000 manat. All notes, with exception of the 1 and 5 manat banknotes bear a portrait of former president [[Saparmurat Niyazov|Saparmurat Atayevich Niyazov Turkmenbashi]]. All Turkmen banknotes are produced by the [[De La Rue]] printing and banknote company.

{|class="wikitable" style="font-size: 90%"
!colspan="10"| Banknotes of the Turkmenistan manat (First manat)
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Dimensions (millimeters)!!rowspan="2"| Main Color !!colspan="2"| Description !!rowspan="2"| Date of issue !!rowspan="2"| Date of first issue !!rowspan="2"| Watermark
|-
! Obverse !! Reverse !! Obverse !! Reverse
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-1-manat-banknote-1993.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-1-manat-banknote-1993.html]
| 1&nbsp;manat
| 120 × 60&nbsp;mm
| Orange and red
| Ylymlar academy, Aşgabat
| Ilarslanyn Ýadygarligi mausoleum
| rowspan="3" | 1993
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-5-manat-banknote-1993.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-5-manat-banknote-1993.html]
| 5&nbsp;manat
| 125 × 62.5&nbsp;mm
| Blue
| Bazçylyk Okuw Polytechnic Institute, Aşgabat
| Abu Seýidiň mausoleum
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-10-manat-banknote-1993-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-10-manat-banknote-1993-turkmenbashi-president-saparmurat-niyazov.html]
| 10&nbsp;manat
| 133 × 66&nbsp;mm
| Brown
| Turkmenistan Relationship building (Aşgabat), President [[Saparmurat Niyazov]] (1940–2006)
| Tekesiň mausoleum
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-20-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-20-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
| [[20 manat|20&nbsp;manat]]
| 139 × 69&nbsp;mm
| Blue and white
| National library (Aşgabat), President [[Saparmurat Niyazov]]
| Astanababa mausoleum
| rowspan="4" | 1993<br />1995
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-50-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-50-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
| [[50 manat|50&nbsp;manat]]
| 144 × 72&nbsp;mm
| Orange and brown
| Soviet Honor monument, President [[Saparmurat Niyazov]]
| Anew mosque
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-100-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-100-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
| 100&nbsp;manat
| 150 × 75&nbsp;mm
| Blue and orange 
| Prezident Köşgi (President's Palace, Aşgabat), President [[Saparmurat Niyazov]]
| Sultan Sanjariň mausoleum
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-500-manat-banknote-1993-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-500-manat-banknote-1993-turkmenbashi-president-saparmurat-niyazov.html]
| 500&nbsp;manat
| 156 × 78&nbsp;mm
| Red and violet
| National theatre (Aşgabat), President [[Saparmurat Niyazov]]
| Törebeg Hanymyň mausoleum
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-1000-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-1000-manat-banknote-1995-turkmenbashi-president-saparmurat-niyazov.html]
| 1,000&nbsp;manat
| 156 × 78&nbsp;mm
| Green and red
| rowspan="3" | Prezident Köşgi (President's Palace, Aşgabat), President [[Saparmurat Niyazov]]
| rowspan="3" | [[Emblem of Turkmenistan|National emblem of Turkmenistan]]
| 1995
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-5000-manat-banknote-2000-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-5000-manat-banknote-2000-turkmenbashi-president-saparmurat-niyazov.html]
| 5,000&nbsp;manat
| 156 × 78&nbsp;mm
| Violet
| 1996
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-10000-manat-banknote-1996-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-10000-manat-banknote-1996-turkmenbashi-president-saparmurat-niyazov.html]
| rowspan="4"|10,000&nbsp;manat
| rowspan="4"|156 × 78&nbsp;mm
| rowspan="3"|Blue and brown
| 1996<br />1999<br />2000
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-10000-manat-banknote-1998-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-10000-manat-banknote-1998-turkmenbashi-president-saparmurat-niyazov.html]
| rowspan="3"|Türkmenbaşi Köşgi (Turkmenbashi's Palace, Aşgabat), President [[Saparmurat Niyazov]]
| Saparmurat Haji mosque
| 1998<br />1999
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-10000-manat-banknote-2000-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-currency-money-10000-manat-banknote-2000-turkmenbashi-president-saparmurat-niyazov.html]
| [[Neutrality Monument]], [[Ruhyýet Palace]], Aşgabat
| 2000
|
|
|-
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-10000-manat-banknote-2003-turkmenbashi-president-saparmurat-niyazov.html]
|align="center" | [https://moneycurrencypictures.blogspot.com/2018/10/turkmenistan-money-currency-10000-manat-banknote-2003-turkmenbashi-president-saparmurat-niyazov.html]
| Light brown
| [[Independence Monument, Ashgabat|Monument of Independence and Peace]], Aşgabat
| 2003<br />2005
|
|
|-
|}

===First manat (second issue)===
In 2005, a new series of manat banknotes was introduced. They had originally been intended to replace the first manat at a fixed rate, with 1 equal to 1,000 of the first manat, but the revaluation was postponed and this issue was released to circulate with previous manat issues. The series of notes was introduced in denominations of 50, 100, 500, 1,000, 5,000, and 10,000 manats. Two new coins were also introduced in only two denominations, 500 and 1,000 manats. Both the first and second issue manat banknotes circulated in tandem until the issue of the redenominated issue in 2009.

{|class="wikitable" style="font-size:90%"
|+Banknotes of the first manat, second issue
|-
! colspan="2"|Image
! rowspan="2"|Value
! rowspan="2"|Dimensions
! colspan="2" rowspan="2"|Main colour
! colspan="3"|Description
! colspan="3"|Date of
! rowspan="2"|{{abbr|Ref.|References}}
|-
! style="max-width:109px;width:109px"|Obverse
! style="max-width:109px;width:109px"|Reverse
! Obverse
! Reverse
! style="width:10%"|Watermark
! printing
! issue
! withdrawal
|-
| style="background:#000;text-align:right"|[[File:50 manat. Türkmenistan, 2005 a.jpg|101px]]
| style="background:#000"|[[File:50 manat. Türkmenistan, 2005 b.jpg|101px]]
| 50&nbsp;manat
| 144 × 72&nbsp;mm
| style="background:#C080FF;width:0"| || Purple
| rowspan="5" | [[Emblem of Turkmenistan]], [[Saparmurat Niyazov]]
| [[Yanardag]], Aşgabat Hippodrome
| rowspan="5" | Saparmurat Niyazov and his signature
| rowspan="5" | 2005
| rowspan="5" | c. 2005
| rowspan="5" | 31 December 2010
| rowspan="5" | <ref name="tmb-banknotes-2005">{{cite web|title=Banknotes of 2005|url=https://www.cbt.tm/tm/money/tm_manat_05.html|website=Central Bank of Turkmenistan|access-date=27 December 2022|archive-url=https://web.archive.org/web/20221227191037/https://www.cbt.tm/tm/money/tm_manat_05.html|archive-date=27 December 2022|location=Ashgabat|language=tk|date=17 March 2021}}</ref>
|-
| style="background:#000;text-align:right"|[[File:100 manat. Türkmenistan, 2005 a.jpg|105px]]
| style="background:#000"|[[File:100 manat. Türkmenistan, 2005 b.jpg|105px]]
| 100&nbsp;manat
| 150 × 75&nbsp;mm
| style="background:#FF8080"| || Red
| [[Central Bank of Turkmenistan|Central Bank building]], Ashgabat
|-
| style="background:#000"|[[File:500 manat. Türkmenistan, 2005 a.jpg|109px]]
| style="background:#000"|[[File:500 manat. Türkmenistan, 2005 b.jpg|109px]]
| 500&nbsp;manat
| 156 × 78&nbsp;mm
| style="background:#C0A080"| || Brown
| Turkmen jewellery
|-
| style="background:#000"|[[File:1000 manat. Türkmenistan, 2005 a.jpg|109px]]
| style="background:#000"|[[File:1000 manat. Türkmenistan, 2005 b.jpg|109px]]
| 1,000&nbsp;manat
| 156 × 78&nbsp;mm
| style="background:#80C080"| || Green
| rowspan="2" | [[Oguzhan Presidential Palace]], Aşgabat
|-
| style="background:#000"|[[File:5000 manat. Türkmenistan, 2005 a.jpg|109px]]
| style="background:#000"|[[File:5000 manat. Türkmenistan, 2005 b.jpg|109px]]
| 5,000&nbsp;manat
| 156 × 78&nbsp;mm
| style="background:#80C0FF"| || Blue
|-
|colspan="13"|{{Standard banknote table notice|standard_scale=Y}}
|}

==={{anchor|TMT}}Second manat===
After hyperinflation significantly devalued the currency, a new manat with a fixed exchange rate was introduced, replacing the old manat on a ratio of 5,000 old manats = 1 new manat. Banknotes in this series were printed in denominations of 1, 5, 10, 20, 50, 100, and 500 manats. As part of an effort by the Turkmen government to dismantle Niyazov's extensive [[cult of personality]] and help politically disambiguate the current rule, only the highest valued banknote, 500 manats, bears a portrait of the former leader. The 500 manat note has yet to be released into circulation. The other denominations feature images of buildings in [[Ashgabat]] or technological achievements ([[TurkmenSat 1]])  and portraits of [[Ahmed Sanjar]], [[Oghuz Khan]], [[Magtymguly Pyragy]] and other figures in Turkmen history.<ref>[http://www.gundogar.org/?013045158000000000000011000000 Манаты без Туркменбаши, Аскар Турсунбаев, Гундогар] {{in lang|ru}}</ref>

{|class="wikitable" style="font-size:90%"
|+Banknotes of the second manat
|-
! colspan="2"|Image
! rowspan="2"|Value
! rowspan="2"|Dimensions
! colspan="2" rowspan="2"|Main colour
! colspan="3"|Description
! colspan="3"|Date of
! rowspan="2"|{{abbr|Ref.|References}}
|-
! style="max-width:109px;width:109px"|Obverse
! style="max-width:109px;width:109px"|Reverse
! Obverse
! Reverse
! style="width:10%"|Watermark
! printing
! issue
! withdrawal
|-
| rowspan="3" style="background:#000;text-align:right"|[[File:1_manat._Türkmenistan,_2012_a.jpg|84px]]
| style="background:#000"|[[File:1_manat._Türkmenistan,_2012_b.jpg|84px]]
| rowspan="3"|1&nbsp;manat
| rowspan="3"|120 × 60&nbsp;mm
| rowspan="3" style="background:#A0E080;width:0"| || rowspan="3"|Green and orange
| [[Emblem of Turkmenistan]], [[Tughril|Togrul Beg Türkmen]]
| [[Turkmenistan Cultural Centre]], Ashgabat
| rowspan="3"|Togrul Beg Türkmen, [[Hilal (crescent moon)|crescent moon]] and five stars from the [[flag of Turkmenistan|flag]], denomination
| {{ubl|2009|2012|2014}}
| 1 January 2009
| rowspan="3"|''Current''
| <ref name="tmb-banknotes-2009">{{cite web|title=Banknotes of 2009|url=https://www.cbt.tm/tm/money/tm_manat_09.html|website=Central Bank of Turkmenistan|access-date=27 December 2022|archive-url=https://web.archive.org/web/20221227170230/https://www.cbt.tm/tm/money/tm_manat_09.html|archive-date=27 December 2022|location=Ashgabat|language=tk|date=17 March 2021}}</ref><ref name="tmb-banknotes-2012">{{cite web|title=Modified banknotes of 2012|url=https://www.cbt.tm/tm/money/tm_manat_12.html|website=Central Bank of Turkmenistan|access-date=27 December 2022|archive-url=https://web.archive.org/web/20221227183959/https://www.cbt.tm/tm/money/tm_manat_12.html|archive-date=27 December 2022|location=Ashgabat|language=tk|date=17 March 2021}}</ref><ref name="tmb-banknotes-2014">{{cite web|title=Modified banknotes of 2014|url=https://www.cbt.tm/tm/money/tm_manat_14.html|website=Central Bank of Turkmenistan|access-date=27 December 2022|archive-url=https://web.archive.org/web/20221227184000/https://www.cbt.tm/tm/money/tm_manat_14.html|archive-date=27 December 2022|location=Ashgabat|language=tk|date=17 March 2021}}</ref>
|-
| style="background:#000"|[[File:Turkmenistan banknote - 2017 series - 1 manat - reverse.jpg|84px]]
| Same as above, with the [[2017 Asian Indoor and Martial Arts Games]] logo
| [[Ashgabat International Airport]], [[TurkmenSat 1]]
| 2017
| 17 September 2017
| <ref name="tmb-banknotes-2017">{{cite web|title=Modified banknotes of 2017|url=https://www.cbt.tm/tm/money/tm_manat_17.html|website=Central Bank of Turkmenistan|access-date=27 December 2022|archive-url=https://web.archive.org/web/20221227184002/https://www.cbt.tm/tm/money/tm_manat_17.html|archive-date=27 December 2022|location=Ashgabat|language=tk|date=17 March 2021}}</ref>
|-
| style="background:#000"|[[File:1 Manat (Schein, 2020) - Rückseite.jpg|84px]]
| Same as above, with the [[Day of Neutrality|25th anniversary of neutrality]] logo
| [[Turkmenbashi International Seaport]], TurkmenSat 1
| 2020
| 12 December 2020
| <ref name="tmb-banknotes-2020">{{cite web|title=Modified banknotes of 2020|url=https://www.cbt.tm/tm/money/tm_manat_20.html|website=Central Bank of Turkmenistan|access-date=27 December 2022|archive-url=https://web.archive.org/web/20221227184028/https://www.cbt.tm/tm/money/tm_manat_20.html|archive-date=27 December 2022|location=Ashgabat|language=tk|date=17 March 2021}}</ref>
|-
| rowspan="3" style="background:#000;text-align:right"|[[File:5_manat._Türkmenistan,_2012_a.jpg|88px]]
| style="background:#000"|[[File:5_manat._Türkmenistan,_2012_b.jpg|88px]]
| rowspan="3"|5&nbsp;manat
| rowspan="3"|126 × 63&nbsp;mm
| rowspan="3" style="background:#C0A080"| || rowspan="3"|Brown
| Emblem of Turkmenistan, [[Ahmad Sanjar|Soltan Sanjar Türkmen]]
| [[Independence Monument, Ashgabat|Independence]] and [[Neutrality Monument|Neutrality]] Monuments, Ashgabat
| rowspan="3"|Soltan Sanjar Türkmen, crescent moon and five stars from the flag, denomination
| {{ubl|2009|2012}}
| 1 January 2009
| rowspan="3"|''Current''
| <ref name="tmb-banknotes-2009"/><ref name="tmb-banknotes-2012"/>
|-
| style="background:#000"|[[File:Turkmenistan banknote - 2017 series - 5 manat - reverse.jpg|88px]]
| Same as above, with the 2017 Asian Indoor and Martial Arts Games logo
| [[Ashgabat Velodrome]]
| 2017
| 17 September 2017
| <ref name="tmb-banknotes-2017"/>
|-
| style="background:#000"|[[File:5_manat._Türkmenistan,_2012_b.jpg|88px]]
| Same as above, with the 25th anniversary of neutrality logo
| Independence and Neutrality Monuments, Ashgabat
| 2020
| 12 December 2020
| <ref name="tmb-banknotes-2020"/>
|-
| rowspan="3" style="background:#000;text-align:right"|[[File:10_manat._Türkmenistan,_2012_a.jpg|92px]]
| style="background:#000"|[[File:10_manat._Türkmenistan,_2012_b.jpg|92px]]
| rowspan="3"|10&nbsp;manat
| rowspan="3"|132 × 66&nbsp;mm
| rowspan="3" style="background:#FF8080"| || rowspan="3"|Red
| Emblem of Turkmenistan, [[Magtymguly Pyragy]]
| [[Central Bank of Turkmenistan|Central Bank building]], Ashgabat
| rowspan="3"|Magtymguly Pyragy, crescent moon and five stars from the flag, denomination
| {{ubl|2009|2012}}
| 1 January 2009
| rowspan="3"|''Current''
| <ref name="tmb-banknotes-2009"/><ref name="tmb-banknotes-2012"/>
|-
| style="background:#000"|[[File:Turkmenistan banknote - 2017 series - 10 manat - reverse.jpg|92px]]
| Same as above, with the 2017 Asian Indoor and Martial Arts Games logo
| Martial Arts Arena, Ashgabat
| 2017
| 17 September 2017
| <ref name="tmb-banknotes-2017"/>
|-
| style="background:#000"|[[File:10_manat._Türkmenistan,_2012_b.jpg|92px]]
| Same as above, with the 25th anniversary of neutrality logo
| Central Bank building, Ashgabat
| 2020
| 12 December 2020
| <ref name="tmb-banknotes-2020"/>
|-
| rowspan="3" style="background:#000;text-align:right"|[[File:20_manat._Türkmenistan,_2012_a.jpg|97px]]
| style="background:#000"|[[File:20_manat._Türkmenistan,_2012_b.jpg|97px]]
| rowspan="3"|20&nbsp;manat
| rowspan="3"|138 × 69&nbsp;mm
| rowspan="3" style="background:#C080FF"| || rowspan="3"|Purple
| Emblem of Turkmenistan, [[Epic of Koroghlu|Görogly Beg Türkmen]]
| [[Ruhyýet Palace|Rukhyet Palace]], Ashgabat
| rowspan="3"|Görogly Beg Türkmen, crescent moon and five stars from the flag, denomination
| {{ubl|2009|2012}}
| 1 January 2009
| rowspan="3"|''Current''
| <ref name="tmb-banknotes-2009"/><ref name="tmb-banknotes-2012"/>
|-
| style="background:#000"|[[File:Turkmenistan banknote - 2017 series - 20 manat - reverse.jpg|97px]]
| Same as above, with the 2017 Asian Indoor and Martial Arts Games logo
| [[Ashgabat Main Indoor Arena|Main Indoor Arena]], Ashgabat
| 2017
| 17 September 2017
| <ref name="tmb-banknotes-2017"/>
|-
| style="background:#000"|[[File:20_manat._Türkmenistan,_2012_b.jpg|97px]]
| Same as above, with the 25th anniversary of neutrality logo
| Rukhyet Palace, Ashgabat
| 2020
| 12 December 2020
| <ref name="tmb-banknotes-2020"/>
|-
| rowspan="3" style="background:#000;text-align:right"|[[File:50_manat._Türkmenistan,_2009_a.jpg|101px]]
| style="background:#000"|[[File:50_manat._Türkmenistan,_2009_b.jpg|101px]]
| rowspan="3"|50&nbsp;manat
| rowspan="3"|144 × 72&nbsp;mm
| rowspan="3" style="background:#80C080"| || rowspan="3"|Green
| Emblem of Turkmenistan, [[Book of Dede Korkut|Gorgut Ata Türkmen]]
| [[Assembly of Turkmenistan|Assembly of Turkmenistan building]], Ashgabat
| rowspan="3"|Gorgut Ata Türkmen, crescent moon and five stars from the flag, denomination
| {{ubl|2009|2014}}
| 1 January 2009
| rowspan="3"|''Current''
| <ref name="tmb-banknotes-2009"/><ref name="tmb-banknotes-2014"/>
|-
| style="background:#000"|[[File:Turkmenistan banknote - 2017 series - 50 manat - reverse.jpg|101px]]
| Same as above, with the 2017 Asian Indoor and Martial Arts Games logo
| Indoor Athletics Arena, Ashgabat
| 2017
| 17 September 2017
| <ref name="tmb-banknotes-2017"/>
|-
| style="background:#000"|[[File:50_manat._Türkmenistan,_2009_b.jpg|101px]]
| Same as above, with the 25th anniversary of neutrality logo
| Assembly of Turkmenistan building, Ashgabat
| 2020
| 12 December 2020
| <ref name="tmb-banknotes-2020"/>
|-
| rowspan="3" style="background:#000;text-align:right"|[[File:100_manat._Türkmenistan,_2014_a.jpg|105px]]
| style="background:#000"|[[File:100_manat._Türkmenistan,_2014_b.jpg|105px]]
| rowspan="3"|100&nbsp;manat
| rowspan="3"|150 × 75&nbsp;mm
| rowspan="3" style="background:#80C0FF"| || rowspan="3"|Blue
| Emblem of Turkmenistan, [[Oghuz Khagan|Oguz Khan Türkmen]]
| [[Oguzhan Presidential Palace]], Ashgabat
| rowspan="3"|Oguz Khan Türkmen, crescent moon and five stars from the flag, denomination
| {{ubl|2009|2014}}
| 1 January 2009
| rowspan="3"|''Current''
| <ref name="tmb-banknotes-2009"/><ref name="tmb-banknotes-2014"/>
|-
| style="background:#000"|[[File:Turkmenistan banknote - 2017 series - 100 manat - reverse.jpg|105px]]
| Same as above, with the 2017 Asian Indoor and Martial Arts Games logo
| [[Saparmurat Turkmenbashy Olympic Stadium|Olympic Stadium]], Ashgabat
| 2017
| 17 September 2017
| <ref name="tmb-banknotes-2017"/>
|-
| style="background:#000"|[[File:100_manat._Türkmenistan,_2014_b.jpg|105px]]
| Same as above, with the 25th anniversary of neutrality logo
| Oguzhan Presidential Palace, Ashgabat
| 2020
| 12 December 2020
| <ref name="tmb-banknotes-2020"/>
|-
| style="background:#000"|[[File:500 manat. Türkmenistan, 2009 a.jpg|109px]]
| style="background:#000"|[[File:500 manat. Türkmenistan, 2009 b.jpg|109px]]
| 500&nbsp;manat
| 156 × 78&nbsp;mm
| style="background:#FFC080"| || Orange
| Emblem of Turkmenistan, [[Saparmurat Niyazov]]
| [[Türkmenbaşy Ruhy Mosque]], Gypjak
| Saparmurat Niyazov, crescent moon and five stars from the flag, denomination
| 2009
| colspan="2"|''Never issued''
| <ref name="bn-20090109">{{cite web|last1=Linzmayer|first1=Owen|title=Turkmenistan new note family confirmed|url=https://banknotenews.com/?p=17164|website=BanknoteNews|access-date=27 December 2022|archive-url=https://web.archive.org/web/20211205174303/https://banknotenews.com/?p=17164|archive-date=5 December 2021|location=Virginia Beach|language=en-us|date=9 January 2009}}</ref>
|-
|colspan="13"|{{Standard banknote table notice|standard_scale=Y}}
|}

===Exchange rates===
The exchange rate is fixed.

*Before Apr 2009: US$1 = 1.04 manat
*Apr 2009 - Jan 2015: US$1 = 2.85 manats
*Jan 2015 onwards: US$1 = 3.5 manats

A black market for exchange rate exists as cash exchanges are forbidden by law in Turkmenistan. The parallel exchange rate varied between 40–41m per U.S. dollar {{as of|2021|4|10|lc=y}}.<ref>{{Cite web|title=Currency Collapse Mirrors Turkmenistan's Extreme Economic Woes|url=https://www.rferl.org/a/currency-collapse-turkmenistan-economic-woes/31193958.html|access-date=2021-04-06|website=RadioFreeEurope/RadioLiberty|language=en}}</ref>
{{Exchange rate|TMT|RUB}}

==See also==
*[[Economy of Turkmenistan]]
*[[Azerbaijani manat]]

==Notes==
{{reflist}}

==References==
{{refbegin}}
*{{numis cite SCWC | date=1991}}
*{{numis cite SCWPM | date=1994}}
{{refend}}

==External links==
* [http://www.tfeb.gov.tm/eng/press021.html New currency samples] - images of the new 2009 Manat
* {{CISCoins|Turkmenistan}}

{{n-start|title=First manat}}
{{n-before|currency=[[Russian rouble]]|reason=independence from the [[Soviet Union|USSR]]|ratio=1 first manat = 500 roubles}}
{{n-currency|location=[[Turkmenistan]]|start=1 November 1993|end=31 December 2008}}
{{n-after|currency=Second manat|reason=inflation|ratio=1 second manat = 5,000 first manats}}
{{end}}

{{n-start|title=Second manat}}
{{n-before|currency=First manat|reason=inflation|ratio=1 second manat = 5,000 first manats}}
{{n-currency|location=[[Turkmenistan]]|start=1 January 2009}}
{{n-after}}
{{end}}

{{Currencies of Asia}}
{{Currencies of post-Soviet states}}
{{Portal bar|Asia|Money|Numismatics|Turkmenistan}}

[[Category:Currencies of Turkmenistan]]
[[Category:Currencies introduced in 1993]]
[[Category:Currencies of Asia]]
[[Category:Circulating currencies]]