Tenge definitions
| Word backwards | egnet |
|---|---|
| Part of speech | The word "tenge" is a noun. |
| Syllabic division | ten-ge |
| Plural | The plural of the word "tenge" is "tenge". |
| Total letters | 5 |
| Vogais (1) | e |
| Consonants (3) | t,n,g |
Tenge: Understanding Kazakhstan's Currency
The tenge is the official currency of Kazakhstan, a country located in Central Asia. It is symbolized by the code KZT and is managed and issued by the National Bank of Kazakhstan. Since its introduction in 1993, the tenge has played a crucial role in the economic landscape of the country.
History of the Tenge
The tenge was first introduced as the official currency of Kazakhstan after the dissolution of the Soviet Union. It replaced the Soviet ruble at a rate of 1 tenge to 500 rubles. Over the years, the currency has seen fluctuations in value due to various economic factors and global events.
Design and Denominations
The tenge comes in various denominations, including coins and banknotes. The coins are issued in values of 1, 2, 5, 10, 20, 50, 100, and 200 tenge, while the banknotes come in denominations of 200, 500, 1,000, 2,000, 5,000, and 10,000 tenge. Each denomination features unique designs that showcase Kazakhstan's culture and history.
Exchange Rate and Stability
The exchange rate of the tenge can fluctuate based on various factors such as global economic trends, geopolitical events, and domestic policies. The National Bank of Kazakhstan plays a crucial role in maintaining the stability of the currency by implementing monetary policies and interventions when necessary.
Using the Tenge
The tenge is widely accepted across Kazakhstan for various transactions, including shopping, dining, and tourism. ATMs are readily available in major cities, allowing both locals and foreign visitors to withdraw tenge for their daily needs.
Conclusion
In conclusion, the tenge serves as the backbone of Kazakhstan's economy, facilitating trade and commerce within the country. Its unique history, design, and stability make it a symbol of national pride and economic growth.
Tenge Examples
- I exchanged my dollars for Kazakh tenge at the currency exchange.
- The price of bread in Kazakhstan is denominated in tenge.
- She borrowed tenge from her friend to buy a souvenir.
- The tenge is the official currency of Kazakhstan.
- They paid for their hotel room in Kazakh tenge.
- The cost of living in Nur-Sultan is relatively low in tenge terms.
- He needed to withdraw tenge from the ATM for his trip to Almaty.
- The tenge has been the currency of Kazakhstan since 1993.
- Can you break a tenge so I can get change for the bus?
- The value of the tenge has fluctuated in recent years due to economic factors.