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. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  4. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  5. JMD (Jamaican Dollar)

    The currency abbreviation or the currency symbol for the Jamacian ...
  6. Permitted Currency

    A currency that is free from legal and regulatory restrictions ...
Related Articles
  1. Tech

    Latest Cryptocurrency Hub: Kazakhstan?

    The government of Kazakhstan has announced its plans to make the Central Asian country the "most favorable business climate" for digital currencies.
  2. Trading

    Understanding The 2010 Options Symbology

    There is a wealth of information in the expanded option symbols, but they should make things easier for traders.
  3. Personal Finance

    How to Use Mint

    Mint's simplicity has drawn more than 10 million users to learn from its array of personal finance tools. Here are some tips to get started.
  4. Trading

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

    The U.S. adopts the dollar as a monetary unit.
  5. Tech

    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.
  6. Trading

    Drastic Currency Changes: What's The Cause?

    Currency fluctuations often defy logic. Learn the trends and factors that result in these movements.
  7. Investing

    5 Best Bets For Buying Gold

    Gold is a desirable alternative for those looking to diversify risk. Discover your options.
  8. Managing Wealth

    JetBlue's Lower-Priced First-Class Airline Seats

    JetBlue is expanding its Mint service to provide more relatively low-cost first class seats. Just how comfortable are they?
  9. Trading

    The Effects Of Currency Fluctuations On The Economy

    Currency fluctuations are a natural outcome of the floating exchange rate system that is the norm for most major economies.
RELATED FAQS
  1. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  2. Why did my stock's ticker change?

    When a ticker symbol of a publicly traded company changes, it generally means one of a few things. Read Answer >>
  3. 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 >>
  4. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  5. How do you make money trading money?

    Trading money, particularly in the forex market, is a speculative risk, as you are betting that the value of a currency will ... Read Answer >>
Hot Definitions
  1. Treasury Yield

    Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations.
  2. Return on Assets - ROA

    Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets.
  3. Fibonacci Retracement

    A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going ...
  4. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  5. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  6. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
Trading Center