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.

BREAKING DOWN '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. Kazakhstan National Fund

    The Kazakhstan National Fund is a sovereign wealth fund for the ...
  2. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  3. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  4. KRW

    The currency abbreviation or currency symbol for the Korean won ...
  5. NZD (New Zealand Dollar)

    The currency abbreviation or currency symbol for the New Zealand ...
  6. O

    A component of a stock symbol that indicates the shares of that ...
Related Articles
  1. Insights

    The Evolution Of Ticker Symbols

    The stock market has changed dramatically since its inception, but the use of ticker symbols has remained largely unchanged.
  2. 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.
  3. 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.
  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. Personal Finance

    LearnVest vs. Mint: What's the Difference?

    Decide which app is right for you in tracking your finances – LearnVest vs. Mint.
  8. Insights

    How Currency Works

    Currency offers key advantages over economies based on direct trade, including a broader market for sellers' goods and services and transport ease.
  9. 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?
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 >>
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