Kazakhstani tenge
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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 = 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.
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.
Banknotes and Coins
At present such banknotes and coins are used on the territory of Kazakhstan: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.
Coins
- 1 tenge
- 2 tenge
- 5 tenge
- 20 tenge
- 50 tenge
- 100 tenge
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.
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% |
| Currencies of Europe | |
|---|---|
| Eurozone
| Euro |
| Northern
| Danish krone > Faroese króna | Icelandic króna | Norwegian krone | Swedish krona |
| Baltic
| Estonian kroon > Latvian lats | Lithuanian litas |
| Western
| British pound | Guernsey pound | Jersey pound | Manx pound |
| Central
| Czech koruna > Hungarian forint | Polish złoty | Slovak koruna | Slovenian tolar | Swiss franc |
| Eastern
| Belarusian ruble > Kazakhstani tenge | Russian ruble | Ukrainian hryvnia |
| Southeastern
| Albanian lek > Bulgarian lev | Bosnia and Herzegovina convertible mark | Croatian kuna | Macedonian denar | Moldovan leu | Romanian leu | Serbian dinar |
| Mediterranean
| Cypriot pound > Gibraltar pound | Maltese lira | Turkish new lira |
| Transcaucasia
| Armenian dram > Azerbaijani manat | Georgian lari |
| Unrecognized Countries
| Transnistrian ruble |
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