Kazakhstani tenge

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Tenge is the monetary unit of Kazakhstan. Divided in 100 tiyin (or tijn), it was introduced in November 1993 to replace the Russian ruble at a rate of 1 tenge = 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 balance, 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.

Contents

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History

Republic of Kazakhstan was the one of last countries of CIS to introduce national currency.

  • In 1991 "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 (therefore November 12 is celebrated as "Day of national currency of Republic of Kazakhstan").
  • On November 15, 1993 tenge was introduced into practice.
  • In 1995 printing factory was opened in Kazakhstan.

The first consigment of tenge was printed abroad, in England. The first coins came from Germany.

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Banknotes and Coins

At present such banknotes and coins are used on the territory of Kazakhstan:

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Banknotes

  • 200 tenges portrait of Al-Farabi
  • 500 tenges portrait of Al-Farabi, fragment of Khodzha Akhmet Yassaui mausoleum
  • 1000 tenges portrait of Al-Farabi
  • 2000 tenges portrait of Al-Farabi
  • 5000 tenges portrait of Al-Farabi
  • 10 000 tenges portrait of Al-Farabi, image of snow leopard.
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Coins

  • 1 tenge
  • 2 tenges
  • 3 tenges
  • 5 tenges
  • 20 tenges
  • 50 tenges
  • 100 tenges

There are Commemorative coins along with coins of money circulation. Commemorative coins do have paying capacity according to value noted on them, but cardinal function of them is social, educational. Usually they are issued in slight circulation and mean to be for sale in Kazakhstan an abroad at collection cost.

According to National Bank of Kazakhstan messages it is planned 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.

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Degrees of Protection

Kazakhstani tenge has 18 degrees of protection. Tenge is one of the most "equipped" currencies of the world.

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Inflation level

year yearly inflation level
2001     6,4%
2002     6,6%
2003     5,7%
2004     7,9%
2005     9%
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Exchange rate

Exchange rate by 2006-04-20 

125.86 KZT = 1 USD		 
155.46 KZT = 1 EUR 		
  4.59 KZT = 1 RUR
224.62 KZT = 1 GBP
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External links

Template:AsianCurrenciesca:Tenge cv:Тенке de:Tenge fr:Tenge nl:Tenge ja:テンゲ pl:Tenge pt:Tenge ru:Тенге sv:Tenge tr:Tenge zh:坚戈

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