Currency in Turkmenistan: TMT Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Turkmenistan with the Turkmenistani manat.
What's in this Turkmenistan currency guide?
What currency is used in Turkmenistan?
The official currency of Turkmenistan (country code: TM) is the Turkmenistani manat, with symbol m and currency code TMT.
What is a good Turkmenistani manat exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Good things to know about the Turkmenistani manat
Key Facts about the Turkmenistani Manat (TMT)
1. Currency Symbol: The official symbol for the Turkmenistani Manat is ТМТ (TMT), with the code "TMT" used in international financial transactions.
2. Subdivisions: The Manat is subdivided into 100 tenga, although tenga coins have been largely withdrawn from circulation.
3. Central Bank: The Central Bank of Turkmenistan is responsible for issuing the Manat and managing monetary policy in the country.
4. Major Uses: The TMT is primarily used within Turkmenistan for all domestic transactions, with strict regulations on currency exchange for foreign currencies.
5. Legal Restrictions: Foreign exchange transactions involving the TMT are tightly controlled, impacting its availability outside of Turkmenistan.
6. Exchange Rate Behavior: The value of the Manat has been subject to fluctuations due to government policies and economic conditions; it is pegged to a basket of currencies but may experience volatility.
7. Popularity: The TMT is primarily used within Turkmenistan, with limited acceptance in international markets, making it less popular for travel outside the region.