TMM


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TMM

The ISO 4217 currency code for the Turkmenistan Manet.

TMM

ISO 4217 code for the Turkmenistani manat. It was introduced in 1993, replacing the Soviet ruble. It suffered from high inflation in the 1990s and 2000s, and was replaced by the new manat (code TMT) in January 2009 at a ratio of 5000 old manat to one new manat.
References in periodicals archive ?
TMM sold its shipping division to pay down debt from $600 million to less than $400 million.
The Company is obligated in the Agreement, to sell to CGEA all its direct holdings in TMM, in the frame of the purchase offer that will be published as stated above, and on its terms.
SSA and TMM have managed a partnership operation in Manzanillo since 1995.
TMM is proceeding with applications based on the technology in both the fashion and medical industries".
CONTACT: Jacinto Marina or Pedro Mejorada, both of TMM, 011-525-629-8866; or Joe Mileti or David Carey, both of Dewe Rogerson, 212-688-6840/
As a result of the settlement, KCS and its subsidiaries now own 100% of GTFM and TFM shares; the potential obligation of KCS, GTFM, and Grupo TMM to acquire the Mexican government's remaining 20% ownership of TFM has been eliminated; and the legal obligation of the Mexican government to issue the VAT refund to TFM has been satisfied.
CONTACT: Jacinto Marina or Pedro Mejorada, both of TMM, 011-525-629-8866, or Joe Mileti or David Carey, both of Dewe Rogerson Inc.
In accordance with a proposal jointly prepared and proposed by TMM and Kansas City Southern ("KCS") in early 2005, Grupo TFM will acquire the 20 percent of shares of TFM subject to the Put held by the Mexican Government on a basis that effectively offsets the VAT claim and Put obligation, ending all litigation on these issues.
CONTACT: Jacinto Marina or Pedro Mejorada of TMM, 011-525-629-8866; or Joe Mileti or David Carey of Dewe Rogerson Inc.
Although the TMM education rollout was one of many customer-driven initiatives executed in the second quarter, it really stands out as a highpoint," said Ray Vallillo, vice president of services and support for Made2Manage Systems.
TMM acquired its interest in GEAM and GRC during 1992 and 1993 at a total cost of $26.
Javier Segovia, president of TMM, commented, "Although we will not know if we have won the second bid for a couple of weeks, TMM is confident that it has presented a very competitive bid for this additional contract.