2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
The Republic of Kazakhstan is one of the countries that gained its independence after the collapse of the Soviet Union. However, this state refused the ruble almost the last. The development of the state dictated its own rules, and it became necessary to create its own national currency.
Kazakhstan tenge is the currency of the Republic of Kazakhstan
Kazakhstan called its money the word "tenge" not by chance. The origin of this term goes back far into the past and refers to the Turkic languages. It was in Taraz and Otrar, the ancient cities of Kazakhstan, that back in the 13th century they began to mint coins and called them “tanga”, which means “money” in translation.
Modern Kazakhstan is a rapidly developing and promising state. The acquisition of the country's sovereignty contributed to the development of the economy and the maintenance of its currency. Kazakhstani tenge came into use in 1993, and the first factory for their production was opened in 1995. The birthplace of the first tenge was the country of England, and the first coins - "tiyns" - began their life in Germany. The process of importing money into the country was organized in such a way that within eight days absolutely all the banks of the country were supplied with the new currency.
Billnational currency series
At first, the government of the Republic planned the gradual introduction of the tenge into the country's money circulation. But then it was decided to change all the money at once. That is, completely switch to Kazakhstani tenge.
Kazakhstani people saw tenge in denominations up to 500 and paper tiyns in their hands. But such money quickly and unexpectedly went out of circulation. And they were replaced by the 1000s, 2000s, and in 1998 the country already had the 5000th banknote.
Coins of Kazakhstan
The appearance of banknotes of higher denominations in the money market meant that the Kazakh tenge was strengthening. Coins came into circulation just as quickly. An interesting fact is that initially the tiyns were made of paper. Then they were replaced with metal ones. Now the nominal range of coins is extensive, which is very convenient when exchanging large bills. However, tiyns are currently out of circulation. 50 tiyn were created in 1995, since then their number has been decreasing. Paper tenges are being replaced by metal ones. Their nominal range is from one to one hundred tenge.
Banknote design
Like any other currency in the world, the Kazakh tenge has become a reflection of the entire cultural and political life of the country. The best minds of the republic worked on the design of banknotes. Each bill has its own unique, very colorful design and carries a subtle meaning.
It is noteworthy that all banknotes have the same main characters. It's like state symbolsKazakhstan, and the image of "Astana-Baiterek", meaning peace and harmony. Another recurring pattern is an open palm as a sign of goodwill and openness. The difference is only in colors and in the form of ministerial buildings. So, for example, 200 tenge is yellow, and on the banknote you can see the building of the Ministry of Defense and Transport of the Republic. The outline of Kazakhstan is placed on the back.
On the 500th banknote of Kazakhstani tenge there is an image of the building of the Ministry of Finance of the country. This bill has a gray-blue color.
1000 tenge is presented in yellow-brown colors with the image of the Presidential Cultural Center.
The banknote of 2000 tenge has a green color and the image of the Abai theater located in the city of Almaty.
Independence monument decorated with 5000 tenge. The image of the hotel "Kazakhstan" is also located on this banknote. The predominant color is red-brown.
10000 banknote was dyed purple with a blue tint. The main side shows the residence of the President of Kazakhstan.
An interesting fact is that the most colorful currency is the Kazakh tenge. The photos prove it. In terms of brightness, tenge is not inferior even to all known euro banknotes. It is noteworthy that the Kazakhstani currency tenge is one of the most secure in the world. Banknotes are protected by various watermarks, special superimposed and hidden images, ink that changes color in ultraviolet light, etc. A distinctive feature of all security levels is a transparent window in the banknote. There is also a label forvisually impaired people. But, despite this, scammers still manage to counterfeit money. This fact leaves no choice for the government but to invent and improve the Kazakh tenge more every year.
KZT against ruble
The Republic of Kazakhstan is a developing country. The banking system of the state is also extensive and well developed. It is one of the most developed in the world. Therefore, in the country at any exchange office you can buy many currencies of the world. As for the Russian ruble, it is bought and sold by all banks without limitation. Only the exchange rate of the ruble can change. In cities, the rate will be much higher than in the suburbs, and averages 1:5.
Kazakhstan is a very hospitable country, and any tourist has something to see here. Moreover, there will be no problems with exchanging money, which is very convenient.
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