Kazakhstani tenge
| Kazakhstani tenge | |||||
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| Қазақстан теңгесі (Kazakh) Казахстанский тенге (Russian) |
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| ISO 4217 Code | KZT | ||||
| User(s) |  Kazakhstan |
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| Inflation | 0.2% (December 2008) | ||||
| Source | Basic Macroeconomic Indicators on the homepage | ||||
| Subunit | |||||
| 1/100 | tïın (тиын) | ||||
| Symbol |  , ₸, T̅ |
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| Plural | The language(s) of this currency does not have a morphological plural distinction. | ||||
| 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, teñge) is the currency of Kazakhstan. It is divided into 100 tïın (тиын, also transliterated as tiyin or tijn). It was introduced on 15th of November 1993 to replace the Soviet ruble at a rate of 1 tenge = 500 rubles. The ISO-4217 code is KZT.
The word tenge in the Kazakh and most other Turkic languages means a set of scales. 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. The name of the currency is related to the Russian word for money Russian: деньги / den'gi, which was borrowed from Turkic.
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History
Kazakhstan was one of the last countries of the 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. On November 15, 1993, the tenge was brought into circulation. As such, November 15 is celebrated as the "Day of National Currency of Republic of Kazakhstan". In 1995, a tenge printing factory was opened in Kazakhstan. The first consignment of tenge was printed abroad, in the U.K.. The first coins were minted in Germany.
March 20, 2007 two days before the Nauryz holiday, the National Bank of Kazakhstan approved a graphical symbol for the Tenge: 
. The character was proposed for encoding in Unicode in March 2008[1] It was released at the codepoint U+20B8 ₸ tenge sign as of Unicode 5.2.[2]
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:
- 1 tenge (Brass)
- 2 tenge (Brass)
- 5 tenge (Brass)
- 10 tenge (Brass)
- 20 tenge (Copper-Nickel)
- 50 tenge (Copper-Nickel)
- 100 tenge (Bimetallic, Brass and Copper-Nickel)
Commemorative coins are issued in denominations of 20, 50, 100, 500, 1000, 2500, 5000 and 10000 tenge. Investment coins exist in denominations of 1, 2, 5, 10, 20, 50 and 100 tenge.
Banknotes
1993 series
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. 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 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.
| 1993 Series (Removed from circulation) | ||||||||
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| Image | Value | Main Colour | Description | Date of issue | ||||
| Obverse | Reverse | Obverse | Reverse | Obverse | Reverse | |||
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1 tiyn | value in numeral and Kazakh, unique geometric design background | value in numeral and Kazakh, Kazakhstan coat of arms, unique geometric design background | 1993 | |||
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2 tiyn | ||||||
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5 tiyn | ||||||
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10 tiyn | ||||||
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20 tiyn | ||||||
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50 tiyn | ||||||
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1 tenge | dark blue | pink | Portrait of Al-Farabi | Geometrical constructions and formulations of Al-Farabi | ||
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3 tenge | green, grey | green | Portrait of Suinbay | Alatau landscape | ||
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5 tenge | brown | yellow, red | Portrait of Kurmangazy | Mausoleum | ||
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10 tenge | dark blue | pink | Portrait of Chokan Ualihanov | Ok Zhetpes mountain | ||
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20 tenge | dark brown | brown | Portrait of Abay Kunanbaev | Illustration of golden eagle with the man, drawn from works of Abay Kunanbaev | ||
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50 tenge | light brown | brown | Portrait of Abulhair Khan | Rock paintings of Mangistau | ||
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100 tenge | violet | pink | Portrait of Ablay Khan | Hodja Ahmed Yassavi mausoleum | ||
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200 tenge | brown, red | yellow, blue | Portrait of Al-Farabi | Hodja Ahmed Yassavi mausoleum | ||
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500 tenge | dark blue, blue | blue, violet | Portrait of Al-Farabi | Hodja Ahmed Yassavi mausoleum | 1994 | |
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1,000 tenge | green, red | green, blue, red | Portrait of Al-Farabi | Hodja Ahmed Yassavi mausoleum | ||
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2,000 tenge | green, blue | green, brown | Portrait of Al-Farabi | Hodja Ahmed Yassavi mausoleum | 1996 | |
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5,000 tenge | brown, violet | brown | Portrait of Al-Farabi | Hodja Ahmed Yassavi mausoleum | 1998 | |
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10,000 tenge | blue | blue, brown | Portrait of Al-Farabi | Snow leopard against a background of mountains | 2003 | |
2006 banknotes
The National Bank of Kazakhstan issued banknotes of new series in 2006. 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. All denominations depict the Astana Bayterek monument, the flag of Kazakhstan, the Coat of arms, the handprint with a signature of president Nazarbayev and fragments of the national anthem. The main differences across each denomination are only the colours, the values, the underprint patterns.
On the contrast, 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.
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.[3]
| 2006 Series (Currently in circulation) | ||||||
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| Image | Value | Main Colour | Description | Date of issue | ||
| Obverse | Reverse | Obverse | Reverse | |||
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200 tenge | orange, green | Astana Bayterek monument, Kazakhstan flag, Kazakhstan coat of arms, handprint with a signature of Nursultan Nazarbayev, fragments of the national anthem, value in numerals and Kazakh words, issuing bank in Kazakh, inscription in Kazakh stating that counterfeiting banknotes is against the law | Transport and Communication Ministry and a winged snow leopard on the bridge over River Ishim, outline map of Kazakhstan with Ministry of Defense and the steppes in the background, value in Russian, name of issuing in Kazakh, logo of issuing bank, inscription in Russian stating that counterfeiting banknotes is against the law | 2006 |
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500 tenge | blue, grey | Ministry of Finance and Akimat (City Hall) of Astana, outline map of Kazakhstan with gulls over the sea in background, value in Russian, name of issuing in Kazakh, logo of issuing bank, inscription in Russian stating that counterfeiting banknotes is against the law | ||
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1,000 tenge | yellow, brown | President Culture Center, outline map of Kazakhstan with mountains in background, value in Russian, name of issuing in Kazakh, logo of issuing bank, inscription in Russian stating that counterfeiting banknotes is against the law | ||
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2,000 tenge | dark and light green | Abai Opera House, outline map of Kazakhstan with mountain lake in background, value in Russian, name of issuing in Kazakh, logo of issuing bank, inscription in Russian stating that counterfeiting banknotes is against the law | ||
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5,000 tenge | deep-brown, red | Independence Monument and the Kazakhstan Hotel, outline map of Kazakhstan with mountains in background, value in Russian, name of issuing in Kazakh, logo of issuing bank, inscription in Russian stating that counterfeiting banknotes is against the law | ||
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10,000 tenge | violet, blue | Residence Akorda (presidential palace), outline map of Kazakhstan with canyons in the background, value in Russian, name of issuing in Kazakh, logo of issuing bank, inscription in Russian stating that counterfeiting banknotes is against the law | ||
Commemorative banknotes
- 1000 tenge (2010)
1000 tenge banknote issued in 2010 to commemorate the Chairmanship of Kazakhstan in OSCE.
Inflation level
| Year | Annual inflation level |
|---|---|
| 2001 | 6.4% |
| 2002 | 6.6% |
| 2003 | 5.7% |
| 2004 | 7.9% |
| 2005 | 9% |
| 2006 | 8.6% |
| 2007 | 18.8% |
| 2008 | 9.5% |
| 2009 | 6.2% |
Source:[4]
| Current KZT exchange rates | |
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| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD RUB CNY |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD RUB CNY |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD RUB CNY |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD RUB CNY |
See also
- Economy of Kazakhstan
References
External links
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