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50 Manat The 20th anniversary of national currency
| Issuer | Central Bank of Turkmenistan |
|---|---|
| Year | 2013 |
| Type | Non-circulating coin |
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| Reverse script | Latin |
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| Edge | Reeded |
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| Additional information |
Turkmenistan introduced the manat as its national currency in November 1993, replacing the Soviet ruble at a rate of 500 rubles per manat — one of the more unfavorable conversion rates among the post-Soviet republics. A second redenomination followed in 2009, when the new manat replaced the old at 5,000 to one, effectively erasing decades of inflation from the books in a single administrative stroke.
The 2009 redenomination is what this 2013 issue actually commemorates — twenty years from the 1993 introduction, not from any subsequent reform.