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.
NAFT to KZT conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₸0.2417 | 0.0200% / 0.0320%VIP 7 | |
Gate.io | ₸0.2419 | 0.1000% / 0.1000% | Yes |
How to buy Nafter
Buy NAFT (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell NAFT (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Nafter to Kazakhstani Tenge?
Nafter to Kazakhstani Tenge is falling this week.Conversion tables
The exchange rate of Nafter is increasing.NAFT to KZT
KZT to NAFT
Today vs. 24 hours ago
Amount | 00:32 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NAFT | $0.0002311 | $0.0002423 | -4.62% |
1 NAFT | $0.0004621 | $0.0004845 | -4.62% |
5 NAFT | $0.002311 | $0.002423 | -4.62% |
10 NAFT | $0.004621 | $0.004845 | -4.62% |
50 NAFT | $0.02311 | $0.02423 | -4.62% |
100 NAFT | $0.04621 | $0.04845 | -4.62% |
500 NAFT | $0.2311 | $0.2423 | -4.62% |
1000 NAFT | $0.4621 | $0.4845 | -4.62% |
Today vs. 1 month ago
Amount | 00:32 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 NAFT | $0.0002311 | $0.0002226 | +3.79% |
1 NAFT | $0.0004621 | $0.0004453 | +3.79% |
5 NAFT | $0.002311 | $0.002226 | +3.79% |
10 NAFT | $0.004621 | $0.004453 | +3.79% |
50 NAFT | $0.02311 | $0.02226 | +3.79% |
100 NAFT | $0.04621 | $0.04453 | +3.79% |
500 NAFT | $0.2311 | $0.2226 | +3.79% |
1000 NAFT | $0.4621 | $0.4453 | +3.79% |
Today vs. 1 year ago
Amount | 00:32 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 NAFT | $0.0002311 | $0.0002936 | -21.29% |
1 NAFT | $0.0004621 | $0.0005871 | -21.29% |
5 NAFT | $0.002311 | $0.002936 | -21.29% |
10 NAFT | $0.004621 | $0.005871 | -21.29% |
50 NAFT | $0.02311 | $0.02936 | -21.29% |
100 NAFT | $0.04621 | $0.05871 | -21.29% |
500 NAFT | $0.2311 | $0.2936 | -21.29% |
1000 NAFT | $0.4621 | $0.5871 | -21.29% |
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