Convert New Zealand Dollar to Turkmenistani Manat
Please provide values below to convert New Zealand Dollar [NZD] to Turkmenistani Manat [TMT], or Convert Turkmenistani Manat to New Zealand Dollar.
How to Convert New Zealand Dollar to Turkmenistani Manat
1 NZD = 0.476857142857143 TMT
Example: convert 15 NZD to TMT:
15 NZD = 15 × 0.476857142857143 TMT = 7.15285714285714 TMT
New Zealand Dollar to Turkmenistani Manat Conversion Table
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.