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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. Due to this change, the tenge lost 30% of its value in a single day. [32]
The main task assigned to the new exchange was to set up and develop the national currency market following the introduction of the tenge. The exchange was incorporated as a closed joint-stock company on December 30, 1993, under the name Kazakhstan Inter-Bank Currency Exchange.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Euro, the currency used by ... Kazakhstan: Kazakhstani tenge ₸ KZT Tıyn: 100 ... However, excluding the pegged (fixed exchange rate) currencies, ...
Euro (Eυρώ, Евро) – ... Tenge (Теңге) – Kazakhstan; Thaler – Germany, Austria, ... List of countries by exchange rate regime; List of central banks ...
Category: Currencies of Kazakhstan. ... Kazakhstani tenge This page was last edited on 27 January 2020, at 00:14 (UTC). Text is available under the Creative ...
Deposits in tenge are insured up to 10 million tenge per depositor per bank; Deposits in foreign currency are insured up to 5 million tenge per depositor per bank (in equivalent, foreign exchange rate applied as of the date of effect of the court ruling regarding forced liquidation of a deposit insurance system member bank)
Euro: European Central Bank (Bank of Italy) Banca d'Italia: 1893 Jamaica: Jamaican dollar: Bank of Jamaica: 1961 Japan: Japanese yen: Bank of Japan: 日本銀行 1882 Jordan: Jordanian dinar: Central Bank of Jordan: البنك المركزي الاردني: 1964 Kazakhstan: Kazakhstani tenge: National Bank of Kazakhstan