Country Information

 

The tenge, often denoted by KZT, is the official unit of currency of Kazakhstan. The currency is subdivided into 100 tiyin, and was introduced in November 1993 after the fall of the USSR to replace the Russian ruble. The name tenge means "balance" or "scale" in Kazakh, and is closely related to the Russian word daingey and the Chinese word tengse.

Moody's Rating

Baa2, 09 Jun 2006

S&P Rating

BBB

Sovereign credit ratings play an important part in determining a country's access to international capital markets, and the terms of that access. Sovereign ratings help to foster dramatic growth, stability, and efficiency of international and domestic markets.

What does it look like?

Political Structure

Kazakhstan's government is a republic consisting of three branches: the executive, legislative, and judiciary. The head of the executive branch is the president, who is elected every seven years. The president has the responsibility of electing his Cabinet of Ministers. The legislature consists of a bicameral body with a Senate and a Majilis, where the senate has 39 seats and the Majilis has 77 seats. The judicial branch consists of the Supreme Court and the Constitutional Court.

Prominent Figures

Chief of State President Nursultan A. NAZARBAYEV (chairman of the Supreme Soviet from 22 February 1990, elected president 1 December 1991) 
Head of Government Prime Minister Karim MASIMOV (since 10 January 2007); First Deputy Prime Minister Umirzak SHUKEYEV (since 3 March 2009), Deputy Prime Ministers Yerbol ORYNBAYEV (since 29 October 2007), Aset ISEKESHEV (since 12 March 2010) 
Cabinet Council of Ministers appointed by the president 
Elections president elected by popular vote for a five-year term; election last held 4 December 2005 (next to be held in 2012); prime minister and first deputy prime minister appointed by the president, with Mazhilis approval; note - constitutional amendments of May 2007 shortened the presidential term from seven years to five years and established a two-consecutive-term limit; changes will take

Exchange Rates

KZT
AUD
CAD
EUR
JPY
GBP
USD
1 KZT
=
10.0040.0040.0030.3040.0020.003
1 AUD
=
253.94110.9680.67377.110.5470.75
1 CAD
=
262.3141.03310.69579.6530.5650.775
1 EUR
=
377.561.4871.4391114.6470.8131.115
1 JPY
=
3.2930.0130.0130.00910.0070.01
1 GBP
=
464.2781.8281.771.23140.9811.371
1 USD
=
338.5931.3331.2910.897102.8150.7291

Travel

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