The manat is the official currency of Turkmenistan since 1993, when it replaced the Russian ruble. The word “manat” is derived from the Persian word “munāt” and the Russian word “монета,” both of which mean “currency.” The first coins were introduced in denominations 1, 5, 10, 20, and 50 tenge. In 1999, new coins were introduced in 500 and 1000 new manat denomination due to high inflation. After the monetary reform carried out in 2009, new coins in denominations of 1, 2, 5, 10, 20, and 50 tenge were introduced, followed by a 1 and 2 manat in 2010.
The 1 Turkmenistani manat coin front design features the Independence Monument, located in Ashgabat (Capital city) superposed on the sketch map of Turkmenistan, the name of the country on top and five carpet ghouls below. The reverse of the coin design presents the denomination with the issue date below among the stylized Turkmenistani illustrations (five on each side). This coin is part of the 2010 series; its rim has lettering: BIR MANAT (One manat). Its color is silver and gold.
Text: Independent Neutral Turkmenistan, Central Bank of Turkmenistan, 1 Manat, 2010.