KZT information
About Kazakhstani Tenge (KZT)
The Kazakhstani Tenge (KZT), introduced in 1993, is a significant symbol of Kazakhstan's national identity and economic independence. It is commonly abbreviated as KZT and represented by the symbol ₸. Emerging after the dissolution of the Soviet Union, the Tenge marked a pivotal transition from a centrally planned economy to a market-oriented one.
Historical Background
The introduction of the Tenge was a crucial moment in post-Soviet Kazakhstan, signifying a break from the Russian Ruble and the commencement of a distinct monetary policy. It symbolized a new era of self-determination and was a crucial step in building the newly independent nation's economy.
Design and Symbolism
The design of the Kazakhstani Tenge is a rich tapestry of the country's history, culture, and aspirations. Banknotes and coins feature images of significant historical figures, like the poet Abai Kunanbaiuly and philosopher Al-Farabi, alongside landmarks and symbols representing Kazakhstan’s vast landscapes and cultural heritage. These designs not only facilitate transactions but also serve as a source of national pride and identity.
Economic Role
The Tenge plays a critical role in Kazakhstan’s economy, characterized by its vast natural resources, including oil, gas, and minerals. As the primary medium of exchange, it supports various sectors of the economy, facilitating trade, investment, and the daily financial transactions of individuals and businesses.
Monetary Policy and Inflation
Managed by the National Bank of Kazakhstan, the Tenge has faced challenges such as inflation and currency devaluation, particularly during periods of global economic instability. The central bank’s monetary policies focus on stabilizing the Tenge, which is crucial for maintaining economic confidence and fostering sustainable growth.
International Trade and the Kazakhstani Tenge
The Tenge’s exchange rate is an important factor in international trade, particularly for Kazakhstan's key exports in the energy and mining sectors. A stable Tenge is vital for maintaining competitive export prices and attracting foreign investment.
Remittances and the Economy
Remittances from Kazakh citizens working abroad, particularly in Russia and Europe, are a notable source of foreign income. These remittances, converted into Tenge, play a significant role in supporting households and contributing to the national economy.
ABT to KZT conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₸928.05 | 0.0200% / 0.0320%VIP 7 | |
Gate.io | ₸927.02 | 0.1000% / 0.1000% | Yes |
How to buy Arcblock
Buy ABT (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
F FREE-USDT 54 trades|Completion rate 100.00% | 1 KZT | Amount3 USDT Limit1 - 1 KZT | ||
Y Yeti_kz 24 trades|Completion rate 100.00% | 498.5 KZT | Amount115.03 USDT Limit5000 - 62342 KZT | ||
i ilizzzak 5 trades|Completion rate 83.00% | 498.5 KZT | Amount94.74 USDT Limit5000 - 52227.84 KZT | ||
p p2p-TradeInvest 147 trades|Completion rate 99.00% | 499.9 KZT | Amount813.78 USDT Limit10000 - 130000 KZT | ||
K KILLU 363 trades|Completion rate 99.00% | 500 KZT | Amount2069.12 USDT Limit5000 - 1534000 KZT |
Sell ABT (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
M Millionaire1 1 trades|Completion rate 100.00% | 500 KZT | Amount100000 USDT Limit49000000 - 50000000 KZT | ||
M MONEY_KZT 21 trades|Completion rate 95.00% | 480.1 KZT | Amount646.56 USDT Limit100000 - 310413 KZT | ||
M MR. A. 10 trades|Completion rate 91.00% | 480.1 KZT | Amount900 USDT Limit3000 - 400000 KZT | ||
A Apollon26 162 trades|Completion rate 99.00% | 480.02 KZT | Amount3377 USDT Limit25000 - 500000 KZT | ||
J Just_yakhyo 6 trades|Completion rate 100.00% | 480.02 KZT | Amount1700 USDT Limit100000 - 816034 KZT |
What factors influence the conversion rate of Arcblock to Kazakhstani Tenge?
Arcblock to Kazakhstani Tenge is falling this week.Conversion tables
The exchange rate of Arcblock is decreasing.ABT to KZT
KZT to ABT
Today vs. 24 hours ago
Amount | 11:04 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ABT | $0.9664 | $1.03 | -6.12% |
1 ABT | $1.93 | $2.07 | -6.12% |
5 ABT | $9.66 | $10.33 | -6.12% |
10 ABT | $19.33 | $20.66 | -6.12% |
50 ABT | $96.64 | $103.28 | -6.12% |
100 ABT | $193.27 | $206.57 | -6.12% |
500 ABT | $966.35 | $1,032.83 | -6.12% |
1000 ABT | $1,932.71 | $2,065.67 | -6.12% |
Today vs. 1 month ago
Amount | 11:04 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 ABT | $0.9664 | $1.61 | -38.53% |
1 ABT | $1.93 | $3.21 | -38.53% |
5 ABT | $9.66 | $16.06 | -38.53% |
10 ABT | $19.33 | $32.11 | -38.53% |
50 ABT | $96.64 | $160.56 | -38.53% |
100 ABT | $193.27 | $321.13 | -38.53% |
500 ABT | $966.35 | $1,605.63 | -38.53% |
1000 ABT | $1,932.71 | $3,211.26 | -38.53% |
Today vs. 1 year ago
Amount | 11:04 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 ABT | $0.9664 | $-0.008395 | +2168.42% |
1 ABT | $1.93 | $-0.01679 | +2168.42% |
5 ABT | $9.66 | $-0.08395 | +2168.42% |
10 ABT | $19.33 | $-0.1679 | +2168.42% |
50 ABT | $96.64 | $-0.8395 | +2168.42% |
100 ABT | $193.27 | $-1.6789 | +2168.42% |
500 ABT | $966.35 | $-8.3945 | +2168.42% |
1000 ABT | $1,932.71 | $-16.7891 | +2168.42% |
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