Complex sentence: By November 1993 all newly independent states had introduced their own currencies, with the exception of war-torn Tajikistan (May 1995) and unrecognized Transnistria (1994).
Split into simpler sentences: By November 1993 all newly independent states had introduced their own currencies. Except for war-torn Tajikistan (May 1995) and unrecognized Transnistria (1994).