Kazakhstani tenge
| Қазақстан теңгесі Template:Kk icon казахстанский тенге Template:Ru icon | |||||
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| ISO 4217 | |||||
| Code | KZT (numeric: 398) | ||||
| Subunit | 0.01 | ||||
| Unit | |||||
| Plural | tenge | ||||
| Denominations | |||||
| Subunit | |||||
| 1/100 | tiyn | ||||
| Plural | |||||
| tiyn | tiyn | ||||
| Banknotes | 200, 500, 1000, 2000, 5000, 10,000 tenge | ||||
| Coins | 1, 2, 5, 10, 20, 50, 100 tenge | ||||
| Demographics | |||||
| User(s) | Kazakhstan | ||||
| Issuance | |||||
| Central bank | National Bank of Kazakhstan | ||||
| Website | www.nationalbank.kz | ||||
| Valuation | |||||
| Inflation | 7.4% | ||||
| Source | The World Factbook, 2005 est. | ||||
Tenge is the monetary unit of Kazakhstan. Divided in 100 tiyn (or tiyin, tijn), it was introduced in November 1993 to replace the Russian ruble at a rate of 1 tenge to 500 rubles. ISO-4217-Code: KZT.
The name of the currency is related to the Russian word for money деньги, which was borrowed from Turkic. The word tenge in Kazakh and most other Turkic languages means a set of scales. The origin of the word is Chinese tengse which means balance. The Turkic languages borrowed this word through Mongolian tenkh(e).
The name of this currency is thus similar to those of the lira, pound, and peso.
History
Republic of Kazakhstan was the one of last countries of CIS to introduce a national currency.
- In 1991 a "special group" of designers was created: Mendybay Alin, Timur Suleymenov, Asimsaly Duzelkhanov and Khayrulla Gabzhalilov.
- On November 12, 1993 decree of President of Kazakhstan "About introducing national currency of Republic of Kazakhstan" was issued. As such, November 12 is celebrated as the "Day of national currency of Republic of Kazakhstan".
- On November 15, 1993 the Tenge was brought into circulation.
- In 1995 a Tenge printing factory was opened in Kazakhstan.
The first consignment of tenge was printed abroad, in England. The first coins came from Germany.
Coins
- 1 tenge
- 2 tenge
- 5 tenge
- 20 tenge
- 50 tenge
- 100 tenge
Commemorative coins are also issued.
Banknotes
- 200 tenge portrait of Al-Farabi
- 500 tenge portrait of Al-Farabi, fragment of Khodzha Akhmet Yassaui mausoleum
- 1000 tenge portrait of Al-Farabi
- 2000 tenge portrait of Al-Farabi
- 5000 tenge portrait of Al-Farabi
- 10,000 tenge portrait of Al-Farabi, image of snow leopard.
Interestingly, the text on the reverse side of 200 tenge banknote is written in Kazakh, although text on the reverse sides of the other banknotes is written in Russian.
2006 banknotes
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According to the National Bank of Kazakhstan, it plans to issue banknotes of new series in 2006. They will have the same values as the existing ones, but will differ on the surface and will get improved falsification stability.
The 2006 series is far more exotic than its predecessors. The obverse is vertical and the denomination is written Kazakh. All denominations depict the Astana-Baiterek monument, the flag of Kazakhstan, the Coat of arms, and fragments of the national anthem. The main differences across each denomination are only the colours, the values, the underprint patterns.
On the contrary, the reverses are more differentiated. The value is written in Russian. Each denomination shows a unique building and geography of Kazakhstan in the outline of Kazakhstan border.
Degrees of Protection
Kazakhstani tenge has 18 degrees of protection. Tenge is one of the most "equipped" currencies of the world.
Inflation level
| year | yearly inflation level |
|---|---|
| 2001 | 6,4% |
| 2002 | 6,6% |
| 2003 | 5,7% |
| 2004 | 7,9% |
| 2005 | 9% |
| Current KZT exchange rates | |
|---|---|
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| From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD |