kazakhstani monetary unit (Meaning)
Wordnet
kazakhstani monetary unit (n)
monetary unit in Kazakhstan
Synonyms & Antonyms of kazakhstani monetary unit
No Synonyms and anytonyms found
kazakhstani monetary unit Sentence Examples
- The Kazakhstani monetary unit, the tenge, is represented by the symbol "₸".
- The tenge was introduced in 1993 to replace the Soviet ruble at a rate of 1 tenge to 500 rubles.
- The tenge is issued by the National Bank of Kazakhstan, which manages the currency and regulates monetary policy.
- Banknotes of the tenge come in denominations of 2,000, 5,000, 10,000, 20,000, and 50,000 tenge.
- Coins of the tenge come in denominations of 1, 2, 5, 10, 20, 50, and 100 tenge.
- The tenge is freely convertible against other currencies, and its exchange rate is determined by the market.
- The tenge is a relatively stable currency, with an inflation rate that has been consistently low.
- The tenge is used in all transactions within Kazakhstan, including purchases of goods and services, payments of wages and salaries, and exchange of foreign currencies.
- The tenge is also used as a reserve currency by some countries in the region, such as Kyrgyzstan and Tajikistan.
- The tenge is an important part of the Kazakhstani economy, and its stability is essential for the country's economic growth and development.
FAQs About the word kazakhstani monetary unit
monetary unit in Kazakhstan
No synonyms found.
No antonyms found.
The Kazakhstani monetary unit, the tenge, is represented by the symbol "₸".
The tenge was introduced in 1993 to replace the Soviet ruble at a rate of 1 tenge to 500 rubles.
The tenge is issued by the National Bank of Kazakhstan, which manages the currency and regulates monetary policy.
Banknotes of the tenge come in denominations of 2,000, 5,000, 10,000, 20,000, and 50,000 tenge.
