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Turkmenistan uses the manat, identified internationally by the code TMT. One manat is divided into 100 tenge. The current version entered circulation in 2009 through a redenomination of the earlier manat. Five thousand old manat were exchanged for one new manat, removing several zeros from everyday prices. “New manat” may still appear in historical explanations, but TMT is the code for the present currency. The Central Bank of Turkmenistan issues the banknotes and coins. Because Kazakhstan also uses a smaller currency unit called the tenge as its main currency name, the code TMT prevents confusion in international records.
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