How Tenge Banknotes Evolved?

29 Aug 2020  Sat

The Tenge is the currency of Kazakhstan which is further segregated into 100 Tiyn. The word ‘Tenge’ in the Kazakh and Turkic languages means a set of scales. It also means equal or balance.

After the disintegration of the Soviet Union, Kazakhstan replaced Ruble to Tenge. The National Bank of Kazakhstan issued notes in denominations of 1, 2, 5, 10, 20 and 50 Tiyn, 1, 3, 5, 10, 20, 50 and 100 Tenge on 15th November 1993. Later, 200, 500, and 1,000 Tenge notes were issued in 1994. 2,000 Tenge notes were introduced in 1996, with 5,000 Tenge in 1999 and 10,000 Tenge on 28 July 2003.

The 2006 Banknotes series is far more exotic than its predecessors. The obverse is identical for all banknotes only difference is shades of the color. It features ‘Nur-Sultan Bayterek monument, Kazakhstan flag, Kazakhstan coat of arms, a signature of Kazakh President Nursultan Nazarbayev, fragments of the national anthem, a value in numerals and Kazakh words, issuing bank in Kazakh, inscription in Kazakh stating that counterfeiting banknotes are against the law’.

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