Currency Exchange Rates for Kazakhstani tenge? Convert GBP to KZT at todays exchange rate. See money transfer for Kazakhstan and historical to restrictions.
The Kazakhstani Tenge is the official currency for Kazakhstan after replacing the Russian Rubble. According to the current rankings, the most frequent Kazakhstan Tenge exchange rate is the US dollar to Kazakhstan rate.
What is the Nickname for the Currency?
The Kazakhstani Tenge has no nickname that is officially known.
What is the name of the Country's Central Bank?
The central bank of Kazakhstan is known as the National Bank of Kazakhstan.
How is the Inflation Rate?
The country has a relatively high inflation rate of about 14.60%.
Spelling and Capitalization
The currency name is spelled as Kazakhstani Tenge with the first letters in the two terms in capital letters (K and T). Tenge is a term that means "a set of scales" in the Turkic languages.
Where else is the currency used?
Kazakhstani Tenge is not used in any other country but only in Kazakhstan.
Which is the exchanging currency in the country?
The exchanging currency of the Kazakhstani Tenge is the US Dollar, where 1.00 Tenge is currently about 0.003058 US Dollars.
Converting from GBP pounds to Kazakhstan Tenge
According to the XE Currency Converter, one GBP is currently equal to 429.414 KZT after conversion in Kazakhstanâ€™s banks.
What does GBP to Kazakhstan mean?
GBP to Kazakhstan means converting a given amount of your cash that is in British Pounds to Kazakhstani Tenge.
What is the sign for the currency?
The sign of the Kazakhstani Tenge is capital â€œTâ€.
Is the currency stable or undervalued? what is the cause?
The currency is relatively not stable as Kazakhstan's economy largely depends on the crude oil prices, which keeps on fluctuating. This was demonstrated by the financial crises between 2008-2009 when there was a decrease of about 19.81% in GDP due to the fall in crude oil prices.
What are the main currencies in use and why?
Kazakhstan uses the Kazakhstani Tenge as the legal tender in the daily life. However, the US Dollar is used for transactions that involve large sums of money such as when buying a house or car. This is due to the instability of the Kazakhstan's currency.
Currency Information on Kazakhstan Tenge - KZT— Kazakhstani tenge - ₸
Denominations of 20, 50, 100, 500, 1,000, 2,500, 5,000 and 10,000 tenge are issued as commemorative coins.
Frequently used coins are available in denominations of 1, 2, 5, 10, 20, 50 and 100 tenge, whilst banknotes are available in denominations of 200, 500, 1,000, 2,000, 5,000 and 10,000 tenge.
One tenge subdivides into 100 tiyin, although new coins were issued in 1998, which excluded any denominations of tiyin, meaning that the 1 tenge coin is now the smallest denomination of coin available.
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