100 Manat Neutrality, Silver

Turkmenistan declared permanent neutrality in 1995, becoming one of only two countries in the world — alongside Switzerland — formally recognized as permanently neutral by the United Nations. The anniversary has become a recurring commemorative theme for the Central Bank, producing a steady stream of silver issues tied to the date. This 2020 piece marks the 25th anniversary of that declaration.

Neutrality has shaped Turkmenistan's foreign policy in concrete ways, including its refusal to join the CSTO and its careful navigation of relationships with both Russia and the West over Caspian energy disputes.