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|Қазақ теңгесі (Kazakh)
Казахстанский тенге (Russian)
|ISO 4217 code||KZT|
|Central bank||The National Bank of Kazakhstan|
|Inflation||5.950% p.a. (as of Feb. 01, 2012)|
|Source||Basic Macroeconomic Indicators on the homepage|
|Plural||The language(s) of this currency does not have a morphological plural distinction.|
|Freq. used||1, 2, 5, 10, 20, 50, 100 tenge|
|Banknotes||200, 500, 1,000, 2,000, 5,000, 10,000 tenge|
The tenge (Kazakh: теңге, teñge) is the currency of Kazakhstan. It is divided into 100 tïın (тиын, also transliterated as tiyin or tijin). It was introduced on 15 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 (cf the old Uzbek tenga or the Tajik borrowed term tanga). The origin of the word is the Turkic teŋ- 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.
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 UK. The first coins were minted in Germany.
On 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 2008. In autumn 2006, the National Bank of Kazakhstan organized a competition for the image of the Kazakhstan Tenge and received over 30,000 applications. On March 29, 2007, the National Bank of Kazakhstan announced two designers from Almaty, Vadim Davydenko and Sanzhar Amirkhanov, as winners for the creation of symbol of the Kazakhstan Tenge. They shared a prize of 1 million tenge and the title of "parents" of the Kazakhstan Tenge symbol. It resembles the Japanese postal mark.
On February 11, 2014, the Kazakh National Bank chose to devalue the tenge by 19% against the U.S. dollar in response to a weakening of the Russian ruble.
In 1993, the first series of coins were introduced in denominations of 2, 5, 10, 20 and 50 tiyin featuring the national arms and were struck in bronze. 1, 3, 5, 10 and 20 tenge were struck in cupro-nickel and depicted stylized and mythical animals. The coins of this period circulated alongside tiyin and low denomination tenge notes of equal value.
In 1995, a new series of coins was introduced, which excluded the tiyin having 1 tenge being the smallest denomination. 50 tenge were later introduced in 1997, followed by 100 tenge in 2002 replacing the equivalent notes. An irregular 2 tenge coin was also introduced later 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, 1,000, 2,500, 5,000 and 10,000 tenge. Silver and gold bullion coins exist in denominations of 1, 2, 5, 10, 20, 50 and 100 tenge. Many of the 20 and 50 tenge commemorative's are also struck in cupro-nickel and occasionally make it out into general circulation as a side coinage with face value.
While older coins were struck in Germany, current coins are struck domestically, by the Kazakhstan Mint in Ust-Kamenogorsk.
On 15 November 1993, the National Bank of Kazakhstan issued notes in denominations of 1, 2, 5, 10, 20 and 50 tiyn, 1, 3, 5, 10, 20, and 50 tenge; 100 tenge notes followed shortly thereafter. These were followed in 1994 by 200, 500, and 1,000 tenge notes. 2,000 tenge notes were introduced in 1996, with 5,000 tenge in 1999 and 10,000 tenge on 28 July 2003. Notes currently in circulation are:
- 200 tenge portrait of Al-Farabi
- 500 tenge portrait of Al-Farabi, fragment of Khodzha Akhmet Yassaui mausoleum
- 1,000 tenge portrait of Al-Farabi
- 2,000 tenge portrait of Al-Farabi
- 5,000 tenge portrait of Al-Farabi
- 10,000 tenge portrait of Al-Farabi, image of snow leopard.
|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||2001|
|1 tenge||dark blue||pink||Portrait of Al-Farabi||Geometrical constructions and formulations of Al-Farabi||2012-2018|
|3 tenge||green, grey||green||Portrait of Suinbai Aronuly||Alatau landscape|
|5 tenge||brown||yellow, red||Portrait of Kurmangazy||Mausoleum|
|10 tenge||dark blue||pink||Portrait of Chokan Ualihanov||Ok Zhetpes mountain|
|20 tenge||dark brown||brown||Portrait of Abay Kunanbaev||Illustration of golden eagle with the man, drawn from works of Abay Kunanbaev|
|50 tenge||light brown||brown||Portrait of Abulhair Khan||Rock paintings of Mangistau|
|100 tenge||violet||pink||Portrait of Ablay Khan||Hodja Ahmed Yassavi mausoleum|
|200 tenge||brown, red||yellow, blue||Portrait of Al-Farabi||Hodja Ahmed Yassavi mausoleum||1994|
|500 tenge||dark blue, blue||blue, violet||Portrait of Al-Farabi||Hodja Ahmed Yassavi mausoleum|
|1,000 tenge||green, red||green, blue, red||Portrait of Al-Farabi||Hodja Ahmed Yassavi mausoleum|
|2,000 tenge||green, blue||green, brown||Portrait of Al-Farabi||Hodja Ahmed Yassavi mausoleum||1996|
|5,000 tenge||brown, violet||brown||Portrait of Al-Farabi||Hodja Ahmed Yassavi mausoleum||1998|
|10,000 tenge||blue||blue, brown||Portrait of Al-Farabi||Snow leopard against a background of mountains||2003|
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.
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.
|Image||Value||Main Colour||Description||Date of issue|
|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|
|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|
|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|
|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|
|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|
|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|
New series with security features 2008
Since 2008, a number of commemorative designs have been issued, including notes celebrating the 2011 Asian Winter Games hosted in Astana. Commemoratives can typically be found in these denominations: 1000 tenge, 2000 tenge, 5000 tenge, and 10000 tenge.
- 5,000 tenge (2001)
5,000 tenge issued banknote in 2001 to commemorate the 10th anniversary of independence from the Soviet Union.
- 5,000 tenge (2008)
5,000 tenge banknote issued in 2008 to commemorate 15 years of the Kazakhstani tenge.
- 1,000 tenge (2010)
- 1,000 tenge (2011)
- 2,000 tenge (2011)
- 10,000 tenge (2011)
10,000 tenge banknote issued in 2011 to commemorate the 20th anniversary of independence from the Soviet Union.
- 1,000 tenge (2013)
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|Current KZT exchange rates|
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- Kazakhstan to peg tenge to U.S. dollar, euro, rouble on Sept. 2 http://www.reuters.com/article/2013/08/28/kazakhstan-currency-idUSL6N0GT1Y020130828
- Kazakhstan devalues tenge by almost 20%, The Financial Times, 11 February 2014
- Linzmayer, Owen (2012). "Kazakhstan". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
- Kazakh central bank misspells ‘bank’ on money
- The National Bank of Kazakhstan. "Price Indices Data". Retrieved 20 February 2012.
- The National Bank of Kazakhstan. "Official Foreign Exchange Rates on average for the period". Retrieved 20 February 2012.
- Currency exchange rates in Kazakhstan
- News from the National Bank of Kazakhstan
- Updates on new banknotes and coins from Kazakhstan
- Coins of Kazakhstan
- Banknotes of Kazakhstan