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base info Bedrock

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ROCK
ROCK
swap
KZT
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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.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
₸0.6933
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$932.13183597
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0 ROCK

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0.5 ROCK
0.3452
1 ROCK
0.6904
5 ROCK
3.45
10 ROCK
6.9
50 ROCK
34.52
100 ROCK
69.04
500 ROCK
345.21
1000 ROCK
690.41

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0.5KZT0.7242  ROCK
1KZT1.45  ROCK
5KZT7.24  ROCK
10KZT14.48  ROCK
50KZT72.42  ROCK
100KZT144.84  ROCK
500KZT724.2  ROCK
1000KZT1,448.41  ROCK

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0.5 ROCK$0.0007057$0.0007077
-0.28%
1 ROCK$0.001411$0.001415
-0.28%
5 ROCK$0.007057$0.007077
-0.28%
10 ROCK$0.01411$0.01415
-0.28%
50 ROCK$0.07057$0.07077
-0.28%
100 ROCK$0.1411$0.1415
-0.28%
500 ROCK$0.7057$0.7077
-0.28%
1000 ROCK$1.41$1.42
-0.28%

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0.5 ROCK$0.0007057$0.0006800
+3.79%
1 ROCK$0.001411$0.001360
+3.79%
5 ROCK$0.007057$0.006800
+3.79%
10 ROCK$0.01411$0.01360
+3.79%
50 ROCK$0.07057$0.06800
+3.79%
100 ROCK$0.1411$0.1360
+3.79%
500 ROCK$0.7057$0.6800
+3.79%
1000 ROCK$1.41$1.36
+3.79%

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0.5 ROCK$0.0007057$0.0005245
+34.56%
1 ROCK$0.001411$0.001049
+34.56%
5 ROCK$0.007057$0.005245
+34.56%
10 ROCK$0.01411$0.01049
+34.56%
50 ROCK$0.07057$0.05245
+34.56%
100 ROCK$0.1411$0.1049
+34.56%
500 ROCK$0.7057$0.5245
+34.56%
1000 ROCK$1.41$1.05
+34.56%

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