1000 Manat

The 1999 1000 Manat appeared just eight years after Turkmenistan's independence from the Soviet Union, during a period when the country's monetary system was still finding its footing. President Niyazov's government had introduced the manat in 1993 to replace the Soviet ruble at a rate of 2 rubles per manat, but chronic inflation quickly eroded lower denominations into irrelevance — a coin denominated at 1000 units was already a practical necessity within a few years of the currency's debut.