KZT

AAA

DEFINITION of 'KZT'

The currency abbreviation or currency symbol for the Kazakhstan tenge (KZT) is for the currency of Kazakhstan. The tenge is made of 100 tiyn and is often presented with the symbol (__). The name of the currency denotes a set of equal scales.

INVESTOPEDIA EXPLAINS 'KZT'

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 the country in 1995. This mint printed a new, much more decorative series of banknotes in 2006.

RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper ...
  2. Hard Currency

    A currency, usually from a highly industrialized country, that ...
  3. Forex - FX

    The market in which currencies are traded. The forex market is ...
  4. Money

    An officially-issued legal tender generally consisting of currency ...
  5. ISP (Internet Service Provider)

    A company that provides consumers, businesses, and other Internet ...
  6. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, ...
Related Articles
  1. What Causes A Currency Crisis?
    Forex Fundamentals

    What Causes A Currency Crisis?

  2. The Greatest Currency Trades Ever Made
    Forex Education

    The Greatest Currency Trades Ever Made

  3. The New World Of Emerging Market Currencies
    Forex Education

    The New World Of Emerging Market Currencies

  4. What Is Bitcoin's Intrinsic Value?
    Economics

    What Is Bitcoin's Intrinsic Value?

comments powered by Disqus
Hot Definitions
  1. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  2. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  5. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  6. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
Trading Center