manat

noun
ma·nat | \mä-ˈnät \
plural manat or manats

Definition of manat 

the basic monetary unit of Azerbaijan and Turkmenistan — see Money Table

Examples of manat in a Sentence

Recent Examples on the Web

The government fixes the exchange rate of the local currency, the manat, at 3.5 to the dollar. The Economist, "Turkmenistan finds a novel solution to mass emigration," 5 July 2018 How much has the Trump family made, and where, and who has paid them, right down to the last ruble, renminbi, manat, shekel, peso, and loonie? Kevin Baker, The New Republic, "Why America needs truth and reconciliation after Trump," 17 May 2018 The Azeri government has spent 9.93 billion manat ($5.9 billion) on buying the bank’s toxic assets, while also placing more than $1.3 billion on deposit to provide liquidity. Nariman Gizitdinov, Bloomberg.com, "Bank Default Traps Pension Fund in Azeri Debt Restructuring," 18 May 2017 Another 4 billion manat in bad assets will be transferred to the state if the restructuring plan is approved. Luca Casiraghi, Bloomberg.com, "Creditors Cry Foul After Default as Azeri Bank Offers Debt Swap," 23 May 2017 Creditors are also complaining about the exclusion from the restructuring list of about 500 million manat ($297 million) of subordinated debt owed to the Central Bank of Azerbaijan. Natasha Doff, Bloomberg.com, "Creditors of Defaulted Azeri Bank Said to Contest Rehab Plan," 25 May 2017 The government has so far spent 9.93 billion manat ($5.9 billion) on buying the bank’s toxic assets, while also placing more than $1.3 billion on deposit to provide liquidity. Zulfugar Agayev, Bloomberg.com, "Azeri Bank Plans $3.3 Billion Restructuring After Defaulting," 11 May 2017 Before the bonds were sold to the pension fund, IBA reported a negative liquidity gap of 875 million manat for the first half of 2014, which equaled more than $1 billion at the time. Nariman Gizitdinov, Bloomberg.com, "Bank Default Traps Pension Fund in Azeri Debt Restructuring," 18 May 2017 The country’s currency, the manat, dropped about one-third in value against the dollar in December. Neil Macfarquhar, New York Times, "Azerbaijan Claims to Halt Violence in Nagorno-Karabakh, but Warns Armenia," 3 Apr. 2016

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'manat.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of manat

1990, in the meaning defined above

History and Etymology for manat

Azerbaijani, ruble, from Persian munāt, from Russian moneta, monet coin, silver ruble coin, from Polish moneta coin, from Latin — more at mint

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The first known use of manat was in 1990

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