KZT (Kazakhstan Tenge)

DEFINITION of 'KZT (Kazakhstan Tenge)'

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.

BREAKING DOWN 'KZT (Kazakhstan Tenge)'

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. Kazakhstan National Fund

    The Kazakhstan National Fund is a sovereign wealth fund for the ...
  2. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  3. JPY (Japanese Yen)

    The currency abbreviation or the currency symbol for the Japanese ...
  4. Mint

    The primary producer of a country's coin currency. The mint has ...
  5. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  6. JMD

    The currency abbreviation or the currency symbol for the Jamacian ...
Related Articles
  1. Stock Analysis

    Chevron Starts Tengiz Expansion

    Chevron has started up the initial stage of an expansion at the Tengiz Field in Kazakhstan.
  2. Personal Finance

    The Evolution Of Ticker Symbols

    The stock market has changed dramatically since its inception, but the use of ticker symbols has remained largely unchanged.
  3. Forex Education

    On This Day In Finance: July 6 - The United States Adopts The Dollar

    The U.S. adopts the dollar as a monetary unit.
  4. Forex Education

    The History Of Money: From Barter To Banknotes

    Money has been a part of human history for at least 3,000 years. Learn how it evolved.
  5. Stock Analysis

    Renationalization Roulette (ENI)

    Renationalization is a growing risk for global energy concerns with strategic interests in places like Venezuela, Russia and Kazakhstan.
  6. Investing

    5 Best Bets For Buying Gold

    Gold is a desirable alternative for those looking to diversify risk. Discover your options.
  7. Stock Analysis

    Invest In Your ABCs

    Can investing in a portolio of 10 stocks whose symbols use only one letter actually outperform the S&P 500? You bet, and we'll show you how.
  8. Forex Education

    Forex Tutorial: Fundamental Analysis & Fundamentals Trading Strategies

    In the equities market, fundamental analysis looks to measure a company's true value and to base investments upon this type of calculation. To some extent, the same is done in the retail forex ...
  9. Stock Analysis

    The Ultimate Guide To Currency ETF Trading

    Want a simpler way to invest in the forex market? Currency ETFs give you just that!
  10. Economics

    Understanding the History of Money

    Money has been a part of human history for at least 3,000 years, evolving from bartering to banknotes.
RELATED FAQS
  1. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  2. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  3. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  4. What is the value of one pip and why are they different between currency pairs?

    In forex markets, currency trading is done on some of the world's most powerful currencies. The major currencies traded are ... Read Answer >>
  5. Why did my stock's ticker symbol change?

    When a ticker symbol changes it's usually not a good sign. Tickers of publicly traded companies generally only change for ... Read Answer >>
  6. Who decides to print money in Russia?

    Read about the Central Bank of the Russian Federation, its organizational structure and the role it plays in setting the ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center