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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.
The economy of Kazakhstan is the largest in Central Asia in both absolute and per ... US$ exchange rate ... seeking to attract nearly 3.7 trillion tenge ($8.1 billion ...
Kazakhstan: Kazakhstani tenge ₸ ... (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket ...
Tenge (Теңге) – Kazakhstan; Thaler – Germany, Austria, Hungary. ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page ...
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)
Business and economy Within hours of a government announcement that Kazakhstan will abandon its currency-band exchange-rate system to implement a free-floating exchange rate, the tenge loses 26% of its value against the US dollar. (Radio Free Europe/Radio liberty) Disasters and accidents A mid-air collision between two aircraft near Bratislava, Slovakia leaves at least seven people killed ...
On 13 April 1993, in accordance with the Law "On the National Bank of the Republic of Kazakhstan", the National Bank of the Kazakh SSR was renamed the National Bank of the Republic of Kazakhstan. On 30 March 1995, a new Law of the Republic of Kazakhstan dated March 30, 1995 No. 2155 "On the National Bank of the Republic of Kazakhstan" was issued.