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Kazakhstani tenge
Қазақстан теңгесі (Kazakh)
Казахстанский тенге (Russian)
200 tenge (new design) 5, 10, 20, 50 and 2000 tenge (old design)
200 tenge (new design) 5, 10, 20, 50 and 2000 tenge (old design)
ISO 4217 Code KZT
User(s) Kazakhstan
Inflation 8. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established Kazakhstan, also Kazakstan ( Қазақстан, Qazaqstan, qɑzɑqˈstɑn Казахстан, Kazakhstán,) officially the In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time 6%
Source The World Factbook, 2006 est.
Subunit
1/100 tiyn (тиын)
Symbol
Plural The language(s) of this currency does not have a morphological plural distinction. A currency sign is a graphic symbol often used as a shorthand for a Currency 's name Plural is a Grammatical number, typically referring to more than one of the Referent in the real world
Coins
Freq. used 5, 10, 20, 50, 100 tenge
Rarely used 1, 2 tenge
Banknotes 200, 500, 1000, 2000, 5000, 10 000 tenge
Central bank National Bank of Kazakhstan
Website www.nationalbank.kz

The tenge (Kazakh: теңге) is the currency of Kazakhstan. A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states The National Bank of Kazakhstan (Қазақстан Ұлттық Банкі is the Central bank of Kazakhstan. Kazakh (also Qazaq and variants natively kk Qazaq tili, kk Қазақ тілі; pronounced tˈlə is a Turkic language closely related to Kazakhstan, also Kazakstan ( Қазақстан, Qazaqstan, qɑzɑqˈstɑn Казахстан, Kazakhstán,) officially the It is divided in 100 tiyn (тиын, also transliteated as tiyin or tijn). It was introduced in November 1993 to replace the Russian ruble at a rate of 1 tenge = 500 rubles. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) The ruble or rouble (рубль rublʹ, plural ru рубли́ rubli; see note on English spelling and Russian plurals with numbers The ISO-4217 code is KZT.

The word tenge in the Kazakh and most other Turkic languages means a set of scales. Kazakh (also Qazaq and variants natively kk Qazaq tili, kk Қазақ тілі; pronounced tˈlə is a Turkic language closely related to The Turkic languages constitute a Language family of some thirty languages spoken by Turkic peoples across a vast area from Eastern Europe and the A weighing scale (usually just "scale" in common usage except in Australian English where "scales" is more common is a Measuring instrument for The origin of the word is the Turkic teğ- which means being equal, balance. The name of this currency is thus similar to the lira, pound and peso. Etymology The word Libra developed its Lira shape from Italian, a language famed for its loss of initial consonants in two-part clusters (ie The pound, a unit of currency originated in England as the value of a pound mass of Silver. The word peso (meaning weight in Spanish was the name of a coin that originated in Spain and became of immense importance internationally The name of the currency is related to the Russian word for money Russian: деньги / den’gi, which was borrowed from Turkic. Russian ( transliteration:,) is the most geographically widespread language of Eurasia, the most widely spoken of the Slavic languages

Contents

History

Kazakhstan was one of the 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, a decree of the President of Kazakhstan, "About introducing national currency of Republic of Kazakhstan", was issued. Events 764 - Tibetan troops occupy Chang'an, the capital of the Chinese Tang Dynasty, for fifteen days Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) A decree is an order made by a Head of state or government and having the force of Law. Leaders of Kazakhstan since 1919 Kyrgyz Autonomous Soviet Socialist Republic (1920-1925 Secretaries of the Kirghiz Regional Committee of the Communist Party On November 15, 1993, the tenge was brought into circulation. Events 655 - Battle of Winwaed: Penda of Mercia is defeated by Oswiu of Northumbria. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) As such, November 15 is celebrated as the "Day of national currency of Republic of Kazakhstan". Events 655 - Battle of Winwaed: Penda of Mercia is defeated by Oswiu of Northumbria. In 1995, a tenge printing factory was opened in Kazakhstan. The first consignment of tenge was printed abroad, in the U.K.. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The first coins were minted in Germany. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe.

New symbol for tenge
New symbol for tenge

March 20, 2007 two days before Navruz holiday, National Bank of Kazakhstan has approved a graphical symbol for tenge: . Events 1600 - The Linköping Bloodbath takes place on Maundy Thursday in Linköping, Sweden. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Nowrūz ( /noruz/ ↔, (English New Day various local pronunciations and spellings) is the traditional Iranian New year Holiday celebrated The National Bank of Kazakhstan (Қазақстан Ұлттық Банкі is the Central bank of Kazakhstan. [1]

Coins

1, 2, 5, 10, 20, 50 and 100 tenge coins
1, 2, 5, 10, 20, 50 and 100 tenge coins

In 1993, coins were introduced in denominations of 2, 5, 10, 20 and 50 tiyn, 1, 3, 5, 10 and 20 tenge. 50 tenge were introduced in 1997, followed by 100 tenge in 2002 and 2 tenge in 2005. Coins currently in circulation are:

Commemorative coins are issued in denominations of 20, 50, 100, 500, 1000, 2500, 5000 and 10000 tenge. Commemorative coins are coins that were issued to commemorate some particular event or issue

Banknotes

In 1993, the National Bank of Kazakhstan issued notes in denominations of 1, 2, 5, 10, 20 and 50 tiyn, 1, 3, 5, 10, 20, 50, 100 and 200 tenge. The National Bank of Kazakhstan (Қазақстан Ұлттық Банкі is the Central bank of Kazakhstan. These were followed by 500 and 1000 tenge notes in 1994. 2000 tenge notes were introduced in 1996, with 5000 tenge in 1998 and 10,000 tenge in 2003. Notes currently in circulation are:

200 tenge (old design)
200 tenge (old design)

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. Kazakh (also Qazaq and variants natively kk Qazaq tili, kk Қазақ тілі; pronounced tˈlə is a Turkic language closely related to Russian ( transliteration:,) is the most geographically widespread language of Eurasia, the most widely spoken of the Slavic languages

2006 banknotes

The new 2006 10,000-tenge note design. See official site
The new 2006 10,000-tenge note design. See official site

The National Bank of Kazakhstan issued banknotes of new series in 2006. The National Bank of Kazakhstan (Қазақстан Ұлттық Банкі is the Central bank of Kazakhstan. They have the same values as the previously existed ones.

The 2006 series is far more exotic than its predecessors. The obverse is vertical and the denomination is written in Kazakh. Kazakh (also Qazaq and variants natively kk Qazaq tili, kk Қазақ тілі; pronounced tˈlə is a Turkic language closely related to All denominations depict the Astana Baiterek monument, the flag of Kazakhstan, the Coat of arms, the handprint with a signature of president Nazarbayev and fragments of the national anthem. Astana ( Kazakh: Астана آستانه former names include Akmola, Akmolinsk, Tselinograd, and Aqmola) is the capital The current flag of Kazakhstan was adopted on June 4, 1992, replacing the Flag of the Kazakh SSR. The coat of arms of the Republic of Kazakhstan was adopted on June 4 1992. President is a Title leaders of Organizations companies, Trade unions universities, and countries. Nursultan Abishuly Nazarbayev ( Kazakh: Нұрсұлтан Әбішұлы Назарбаев æbəʃʊˈlɯ nɑzɑrˈbɑjəf Russian: Нурсултан My Kazakhstan (Менің Қазақстаным is the current National anthem of Kazakhstan 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. Russian ( transliteration:,) is the most geographically widespread language of Eurasia, the most widely spoken of the Slavic languages Each denomination shows a unique building and geography of Kazakhstan in the outline of Kazakhstan border. Kazakhstan is located in Central Asia, northwest of the People's Republic of China, though the area of the country west of the Ural River

The first printing of the 2,000 and 5,000 tenge notes issued in 2006 had misspellings of the word for "bank" (the correct spelling "банкі" was misspelled "банқі"). The misspelling was a politically sensitive issue due to the cultural and political importance of the Kazakh language. [2]

Inflation level

Year Annual inflation level
2001     6. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time 4%
2002     6. 6%
2003     5. 7%
2004     7. 9%
2005     9%
2006     8. 6%
2007     18. 8%
Current KZT exchange rates
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See also

References

  1. ^ http://www1.tenge2006.kz/big/?switch=rus&pg=prof
  2. ^ Kazakh central bank misspells ‘bank’ on money

External links

Kazakhstan is the largest nation and economy in Central Asia, and the ninth largest nation by area in the world
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