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1000 Manat
| Issuer | Central Bank of Turkmenistan |
|---|---|
| Year | 1999 |
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| Value | Log in to see details |
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| Composition | Nickel clad steel |
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|---|---|
| Obverse script | Latin |
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| Reverse lettering | TÜRKMENISTANYÑ MERKEZI BANKY 1000 MANAT ·1999· (Translation: Turkmenistan Central Bank 1000 manat 1999) |
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| Additional information |
The 1999 1000 Manat appeared just eight years after Turkmenistan's independence from the Soviet Union, during a period when the country's monetary system was still finding its footing. President Niyazov's government had introduced the manat in 1993 to replace the Soviet ruble at a rate of 2 rubles per manat, but chronic inflation quickly eroded lower denominations into irrelevance — a coin denominated at 1000 units was already a practical necessity within a few years of the currency's debut.