Time Period: 1993-

Currency: Kazakh Tenge


Timeline

  • 20.06.1991
  • Resolution of the Supreme Soviet of the Kazakh SSR on the nationalization of the State Bank of the USSR and constitution as "National State Bank of the Kazakh SSR"; effective immediately
  • 13.04.1993
  • Central bank law on the transformation of the State Bank into the "National Bank of Kazakhstan"; effective immediately
    - 30.03.1995: Central bank law [No. 2155] amending the 1993 law; effective immediately.
  • 12.11.1993
  • Presidential decree on tht creation of the currency; effective immediately
  • 15.11.1993
  • Start of currency exchange:
    - 15.11.1993: Start of issuance of the new banknotes (no coins)
    - Partial confiscation: Per person a maximum of 100'000 Russian Rubles was exchanged for new banknotes
    - 18.11.1993: End of exchange period, demonetization of the Russian currency
    - 01.03.1994: Start of issuance of subsidiary coins.

Valuation Regimes

  • 1993-
  • Variable rate

Rate Arrangements

  • 15.11.1993
  • Variable
  • initially: US Dollar at 1 : 4.70
  • -50.0%


End-year Forex Rates (Units per US Dollar)