Kazakhstan celebrates National Currency Tenge Day

Today Kazakhstan marks the 29th anniversary of the national currency - tenge, El.kz reports.

In 1992, a working group was established to implement measures related to the introduction of the national currency, under the leadership of Daulet Sembayev and a special group of designers to develop the design of tenge banknotes: Mendybai Alin, Dosbol Kasymov, Agimsaly Duzelkhanov, Timur Suleimenov and Khairulla Gabzhalilov.

On November 12, 1993, the Decree of the President of the Republic of Kazakhstan Nursultan Nazarbayev "On the Introduction of the National Currency of the Republic of Kazakhstan" was issued. Nazarbayev presented the currency to Kazakhstanis on central TV channels.

On November 15, 1993, the tenge was put into circulation in the ratio of 1 tenge = 500 rubles, banknotes and coins in Russian and Soviet rubles were exchanged for tenge.

Since November 18, 1993, tenge has become the only legal tender in Kazakhstan. The first batch of tenge was printed abroad, in the UK.

The first exchange money - tiyn (1/100 part of tenge) - was made in the form of banknotes in denominations of 1, 2, 5, 10, 20, 50 tiyn. The first coins were minted in Germany