Convert Turkmenistani Manat to Turkish Lira
Please provide values below to convert Turkmenistani Manat [TMT] to Turkish Lira [TRY], or Convert Turkish Lira to Turkmenistani Manat.
How to Convert Turkmenistani Manat to Turkish Lira
1 TMT = 0.0865464742202781 TRY
Example: convert 15 TMT to TRY:
15 TMT = 15 × 0.0865464742202781 TRY = 1.29819711330417 TRY
Turkmenistani Manat to Turkish Lira Conversion Table
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Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.