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LOCAL CURRENCY IN KAZAKHSTAN

Want to know the local currency in Kazakhstan? The money used in Kazakhstan is called Tenge.

The Kazakhstani Tenge is issued and managed by the The National Bank of Kazakhstan. To find out the current currency exchange rates for Tenge to other major currencies of the world, click on foreign currency rates.

Kazakhstani Currency Information
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The currency used in Kazakhstan is called as the Tenge. This currency is denoted with the currency sign T, ? and the ISO 4217 Code for the Kazakhstani Tenge is KZT. The Tenge, is the official currency of the Kazakhstan . It is divided into 100 smaller units called t?n (????.

The constitution of Kazakhstan provides that the Kazakhstan government shall have the power to print the Kazakhstani Tenge and t?n (???? coins to be used as a legal tender in Kazakhstan. The Kazakhstani Tenge bank notes and T?n (???? coins are both designated as "legal tender" in payment of debts.

The Kazakhstani Tenge bill uses the decimal system, consisting of 100 equal units.

The symbol T, ?, usually written before the numerical amount, is used for the Kazakhstani Tenge.

Currently printed bank notes denominations are 200, 500, 1,000, 2,000, 5,000, 10,000 tenge and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50, 100 tenge .

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The Effect of Balance of Trade and Investment on Kazakhstani Tenge
Financial analysts regularly cite the balance of trade and investment in Kazakhstan as the most important influence on the value of the Tenge. The difference between what the Kazakhstan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Tenge exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Tenge exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Kazakhstani Tenge.
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