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On 20 August 2015, the Kazakhstan National Bank did away with the currency band with respect to conversion rate of tenge. Now, the tenge is a free-floating currency and its exchange rate against the major currencies are determined by demand and supply in the market.
The A.P. said: Nazarbayev's proposal has raised eyebrows in some quarters, but the idea was embraced by Robert Mundell, who won the Nobel prize for economics in 1999 for helping lay the theoretical groundwork for Europe's single currency. [1] “It would be a very good idea if the G-20 took that idea up in London,” Mundell said.
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. ... The country's currency was devalued by 19% in 2014 and by 22% in 2015.
Kazakhstan South Korea Moldova New Zealand Paraguay Peru Seychelles Sri Lanka South Africa Thailand Turkey Uganda Ukraine Uruguay Malaysia Mauritius Pakistan ; Free floating (33) Australia Canada Chile Czech Republic
The first foreign currency trading in US dollars took place in 1993. Today, transactions on this market account for about half of the total volume of trade on KASE. Main participants of KASE currency market are Kazakhstan's second-tier banks and the National Bank of the Republic of Kazakhstan.
Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit ... Kazakhstan: Tiin [40] Kuwaiti dinar [41] KWD
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Pages in category "Currencies of Kazakhstan" This category contains only the following page. This list may not reflect recent changes. K. Kazakhstani tenge