KZT (Kazakhstan Tenge)

A A A

DEFINITION

The currency abbreviation or currency symbol for the Kazakhstan tenge (KZT), the currency of Kazakhstan. The tenge is made of 100 tiyn and is often presented with a symbol that looks like the capital letter T with a horizontal line above it. The name of the currency denotes a set of equal scales.

INVESTOPEDIA EXPLAINS

The tenge was first seen in 1993, replacing the Russian ruble. The first tenge coins were actually minted in Germany, and a mint for paper currency began operation within Kazakhstan in 1995. This mint printed a new and more decorative series of banknotes in 2006.


RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper notes, which is ...
  2. Forex - FX

    The market in which currencies are traded. The forex market is the largest, ...
  3. Quote Currency

    The second currency quoted in a currency pair in forex. In a direct quote, the ...
  4. Base Currency

    The first currency quoted in a currency pair on forex. It is also typically ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded in the forex market: ...
  6. Forex Futures

    An exchange-traded contract to buy or sell a specified amount of a given currency ...
  7. Authorized Forex Dealer

    Any type of financial institution that has received authorization from a relevant ...
  8. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico ...
  9. WM/Reuters Benchmark Rates

    Spot and forward foreign exchange rates that are used as standard rates for ...
  10. Bitcoin Mining

    Bitcoin mining is the process by which transactions are verified and added to ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  3. Top 7 Questions About Currency Trading ...
    Forex Education

    Top 7 Questions About Currency Trading ...

  4. 6 Factors That Influence Exchange Rates
    Bonds & Fixed Income

    6 Factors That Influence Exchange Rates

  5. Using Currency Correlations To Your ...
    Forex Education

    Using Currency Correlations To Your ...

  6. Basics For Buying And Investing In Bitcoin
    Investing Basics

    Basics For Buying And Investing In Bitcoin

  7. 4 Currency ETFs To Watch Right Now
    Chart Advisor

    4 Currency ETFs To Watch Right Now

  8. The Best Places To Exchange Currency
    Savings

    The Best Places To Exchange Currency

  9. How do you buy Bitcoins?
    Investing Basics

    How do you buy Bitcoins?

  10. Seven Emerging Currencies Challenging ...
    Forex Fundamentals

    Seven Emerging Currencies Challenging ...

comments powered by Disqus
Hot Definitions
  1. Ascending Triangle

    A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
  2. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  3. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  4. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  5. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  6. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
Trading Center