The tenge is the official currency of Kazakhstan.

Kazakhstan, located in Central Asia, introduced the tenge as its national currency on November 15, 1993. The tenge is symbolized by the ₸ sign and is subdivided into 100 tiyn. It serves as a crucial part of the country's economy and plays a vital role in international trade.

As the basic monetary unit of Kazakhstan, the tenge is widely accepted and used throughout the country for various transactions. It is issued and regulated by the National Bank of Kazakhstan, which ensures the stability and integrity of the currency.

With its adoption, the tenge replaced the Soviet ruble, which was previously used during Kazakhstan's time as part of the Soviet Union. The transition to the tenge marked Kazakhstan's independence and its commitment to establishing a strong, independent economy.

The tenge's exchange rate fluctuates based on various factors, including the country's economic performance, inflation rates, and global market conditions. The National Bank of Kazakhstan closely monitors and manages these factors to maintain stability and control over the currency.

Kazakhstan's economy heavily relies on oil and gas exports, making the tenge susceptible to fluctuations in global oil prices. However, the government has implemented several measures to diversify the economy and reduce its dependence on natural resources, which helps in stabilizing the tenge.

When visiting Kazakhstan, it is essential to familiarize yourself with the local currency. Exchanging your foreign currency for tenge at authorized exchange offices or banks is recommended to ensure you receive a fair exchange rate.

Overall, the tenge is a significant aspect of Kazakhstan's economic landscape. Whether you are a local resident or a visitor, understanding the tenge's role and value is crucial for conducting financial transactions within the country.

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