Turkmenistan manat is the currency of Turkmenistan. It was issued by the Central Bank of Turkmenistan on June 1993 10 1 to replace the Russian ruble circulating in the country at that time. When it was first issued, the exchange rate against the ruble was 1 manat =500 rubles. The unit of token is tenge, 1 manat = 100 tenge. Sometimes the abbreviation "m" is used to represent Manat. For example, "25000 m" means 25,000 Manat.
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Before the Albanian Central Bank announced this decision, Manat was the only currency in the former Soviet Union that remained firm in this financial crisis, and its exchange rate was stable at the level of 65,438+0 USD to 0.784 Manat. However, Azerbaijan, once known as "Dubai of the Caspian Sea", failed to resist the flood of falling international oil prices.
With the low tide of oil prices, the economic disadvantages of high dependence on oil exports and single structure have emerged. Azerbaijan's society will go through a painful and long transition period, and people may have to start planning how to cut back on food and clothing to live through the current bitter days of high prices and serious inflation.
In response to the central bank's decision, Akdag I Ahvi Diyev, former deputy minister of the Ministry of Economic Affairs of Azerbaijan, said that the central bank actually dragged the Azerbaijani people into the quagmire of the financial crisis, and the central bank should gradually lower the exchange rate level instead of adopting "shock therapy".
Baidu Encyclopedia-Turkmenistan Manat