Turkmenistani Manat in Philippine Peso

TMT Turkmenistani Manat

Country of application:
Turkmenistan

Coin denominations in circulation:
2 and 1 manat, as well as 50, 20, 10, 5, 2 and 1 tenge.

Denominations of banknotes in circulation:
500, 100, 50, 20, 10, 5 and 1 manat.

History reference:
Manat is the monetary unit (national currency) of Turkmenistan. The manat was put into circulation on November 1, 1993. Until that time, since the declaration of independence, Soviet and Russian rubl...es were in circulation in Turkmenistan as a means of payment. The exchange of rubles for manats was carried out in the ratio: 1 manat = 500 rubles, maximum one adult citizen of Turkmenistan could receive up to 60 manats. On November 1, 1993, a new monetary unit, the manat, was put into circulation. All banknotes had the image of Saparmurat Niyazov, the former president of the republic. In January 2009, the government of Turkmenistan carried out a denomination in the proportion of 1 manat of the new model = 5,000 manat of the old model.

PHP Philippine Peso

Country of application:
Philippines

Coin denominations in circulation:
20, 50, 100, 200, 500, 1000 Philippine pesos.

Denominations of banknotes in circulation:
1, 5, 10, 25 centimos, 1, 5, 10 Philippine pesos.

History reference:
The Philippine peso is the national currency of the Philippines. In 1898, the country experienced a revolution and issued its own coins and paper money backed by the countrys resources. The revolutio...n was short-lived - this money ceased to circulate in 1901. The US took control of the Philippines and launched a currency that was pegged to the price of gold, which at the time was about half the value of the United States dollar (USD). The peg of £2 to the dollar continued until the country became independent in 1946. Monetary policy in the Philippines is conducted by the Central Bank of the Philippines (BSP), established on July 3, 1993 as the central bank. It produces the nations banknotes and coins at its Security Enterprise Complex, which is due to relocate to New Clark City in Kapas, Tarlac.