of October 8, 1993 No. 888-XII
About monetary unit of Turkmenistan
This Law determines the basic principles and precepts of law of action of monetary unit of Turkmenistan, procedure for its issue and retirement.
Operation of this Law extends on all business entities, citizens of Turkmenistan, and also the foreign citizens and stateless persons which are in the territory of Turkmenistan.
Monetary unit of Turkmenistan is the manat. One manat is equal to 100 tenges. Cash in the address consists of banknotes and coins of the Central bank of Turkmenistan.
Central Bank of Turkmenistan has exclusive right of issue and retirement of monetary unit of Turkmenistan.
Banknotes and coins are unconditional obligation of the Central bank of Turkmenistan and are provided with all its assets.
The single legal means of payment in the territory of Turkmenistan is the manat. Use of foreign currency in the territory of Turkmenistan is regulated by other legal acts of Turkmenistan and regulations of the Central bank of Turkmenistan.
Banks of Turkmenistan, and also other business entities in the territory of Turkmenistan shall accept banknotes and coins of Turkmenistan without restrictions.
The nominal, weight, the image and other characteristics of the banknotes and coins which are means of payment in Turkmenistan determines the Central bank of Turkmenistan what reports in official seal about.
Central Bank of Turkmenistan provides printing of banknotes (stamping of coins), storage and transportation of banknotes (coins), unissued in the address.
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The document ceased to be valid according to the Law of Turkmenistan of March 26, 2011 No. 184-IV