The manat is the currency of Turkmenistan. It was introduced on 1 November 1993, replacing the Russian ruble at a rate of 1 manat = 500 rubles. The ISO 4217 code was TMM, and the manat was subdivided into 100 tenge. The abbreviation m is sometimes used, e.g., 25 000 m is twenty-five thousand manat. On January 1, 2009, the new manat was introduced with ISO 4217 code TMT at the rate of 5000 old manat to 1 new manat.
Turkmen Oil Products (Turkmennebitonumleri), which carries out wholesale and retail trade of oil products in the country, has refuted information about a possible increase in gasoline prices in 2019, the Turkmen Oil (Turkmennebit) State Concern said in a message.