Niyazov is still featured on the highest-value banknote, a 500-manat bill, which equals 2,500,000 old manats. Turkmen will receive their next salary in new manats.

Niyazov is still featured on the highest-value banknote, a 500-manat bill, which equals 2,500,000 old manats. Turkmen will receive their next salary in new manats. However, old banknotes will remain ...

The new banknotes will enter into circulation gradually. So far, only coins and banknotes in denominations of one and five manats are in use. Ten and 20 AZN-denominated banknotes will come out in ...

The exchange of old banknotes for new ones is implemented by banks without compensation charges. The old banknotes were in circulation until 31 December 2006. Latest ...

Turkmenistan’s already battered currency slid sharply, as black market rates reached 40 manats to the U.S. dollar, down nearly 50 percent since January.

The manat, which has fallen in only one of the past 12 years, nosedived 32 percent to 1.5375 to the dollar as of 2:30 p.m. in the capital, Baku, according to data compiled by Bloomberg.

EBRD says ready to issue bonds in Azeri manats this year By Reuters May 25, 20164:05 AM PDTUpdated May 25, 2016 ...

BAKU, Jan 19 (Reuters) - Azerbaijan imposed some limits on foreign currency outflows in a package of measures adopted by parliament on Tuesday to prop up the oil producer's depreciating manat ...