New coins in the denomination of 1 and 2 manat were put into circulation in Turkmenistan starting from January 1, 2010 as part of the monetary reform. According to the Turkmen State News Agency citing the Central Bank of Turkmenistan, new bimetallic coins were minted by the Royal Mint of Great Britain.
A 1 manat coin with a diameter of 27 mm weighs 9.5 g. A 2 manat coin with a diameter of 28 mm weighs 11 g. New coins have a high degree of protection. They are durable and easy to use, and their design is noted for originality and conformity with national and historical traditions of the Turkmen people.
It should be recalled that last year, in the framework of economic and financial reform, Turkmenistan completed the first phase of re-denomination of the national currency – manat, whose denomination decreased in the ratio of 5000 to 1. In 2009, old and new money circulated in parallel. In 2010, all banks of Turkmenistan will be exchanging old manats for new ones.
