The national currency of the Republic of Kazakhstan is the tenge (the Kazakh tenge). Kazakhstan was one of the last CIS countries to introduce its own currency on November 15, 1993. The exchange was carried out within five days only. Although the tenge is a very young currency, its history contains many interesting facts. Let us look through the most interesting ones:
- According to linguists, the Russian word meaning ‘money’ (‘dengi’) originated from the Turk word ‘tenge’;
- The Kazakh tenge is one of the best protected world currencies – the currency has 17 degrees of protection;
- The International Bank Note Society (IBNS) recognized the Kazakh tenge to be the most beautiful currency in the world. In 2011, the ten thousand tenge banknote received this title, in 2012, it was the five thousand tenge banknote, and in 2013, the one thousand tenge banknote was awarded.