Turkmen manat today: official 3.5 vs street rate
Turkmenistan has fixed the manat at 3.5 per dollar since 2015. The street prices the dollar at more than five times that, one of the widest gaps in the world.
Access to dollars at the official rate is rationed, so most households and private businesses use the street rate.
What drives the gap
- Hard peg unchanged since 2015.
- Strict rationing of official dollar sales.
- Gas export revenue concentrated in state hands.
How we measure it
Regime: …
Local name: …
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