About the Kazakhstani Tenge
The Tenge was introduced in 1993, replacing the Soviet Ruble after the dissolution of the USSR. The introduction of the Tenge was a key step in establishing Kazakhstan's economic sovereignty.
The name 'Tenge' comes from the Turkic word 'tamga' meaning a seal or stamp, and is related to the Russian word for money, 'dengi'.
Interesting Facts
A Resource-Backed Currency
The Tenge's value is heavily influenced by Kazakhstan's vast natural resources, including oil, gas, uranium, and various metals.
Innovative Banknotes
Kazakhstan has won awards for its banknote designs, which often feature advanced security features and artistic representations of Kazakh culture and landmarks.
The Tenge Symbol
The Tenge has its own distinct symbol, ₸, which was chosen from a public competition and resembles the letter 'T' from the Turkic alphabet.
Historical Timeline
Kazakhstan declares independence.
The Tenge is introduced.
The Tenge symbol (₸) is adopted.
The Tenge is floated, leading to a significant devaluation.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- KZT
- Symbol
- ₸
- Numeric Code
- 398
- Subunit
- Tıyn (1/100)
- Introduced
- 1993-11-15
Central Bank
- Name
- National Bank of Kazakhstan
- Headquarters
- Astana, Kazakhstan
- Founded
- 1993
- Current Governor
- Timur Suleimenov (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 8.7%
- Interest Rate
- 14.75%
Exchange Rates
What Affects the KZT Exchange Rate?
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