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The Central bank introduces new coins of 1 and 2 manats
03.01.2010 22:22

ASHKHABAT, 3 January - IP "TURKMENinform". On January 1, 2010 the new coins of denominated 1 and 2 manats issued by the Central bank of Turkmenistan were put into circulation all over the country to replace old-design paper banknotes as a more convenient means of payment and further the effectiveness of cash turnover in Turkmenistan.

The new coins of brass, nickel and copper alloys were made by the British Royal Mint in compliance with international standards by the order of Turkmenistan's Central bank and were provided with a high degree of fraud-protection and strength.

The central circle of obverse side of the coins features the nominal of new national currency units; the upper part of the outer ring of the coins carries the inscription "Turkmenistanyn merkezi banky" (the Central bank of Turkmenistan) and the lower part contains number 2010 which indicates the year of putting the coins into operation.

The reverse side of the new coins depicts the Independence monument with the map of modern Turkmenistan on the background; the upper part of the outer ring is provided with the inscription "Garassyz bitarap Turkmenistan" (Independent Neutral Turkmenistan) and the lower part carries incused traditional Turkmen carpet ornaments - Gels.

The new bimetallic coins can be distinguished from each other by the combination of colour metals: the 1 manat coin has yellow metal outer ring and grey metal inner circle, and the 2 manat coin's outer ring is made from grey metal, and the inner circle from yellow metal. The old 1 manat banknotes will be in use along with the new coins till the end of the year.

Furthermore, from the first day of the year the non-denominated coins and banknotes of the old design stopped serving as the means of payment, but those who had not time to change old money can do it before the end of December 2010.

IP "TURKMENinform"

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