The Manat is the currency of Turkmenistan. It was introduced on 27 October 1993, replacing the Russian ruble at a rate of 1 manat = 500 ruble. 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 January 1, 2009 the new manat was introduced with ISO 4217 code TMT at the rate of 5000 old manat to 1 new manat.
