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.
MUSIC to KZT conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₸12.78 | 0.0200% / 0.0320%VIP 7 | |
Huobi | ₸12.7 | 0.1000% / 0.1000% | Yes |
Gate.io | ₸12.67 | 0.1000% / 0.1000% | Yes |
How to buy Gala Music
Buy MUSIC (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
T Timalizalays 64 trades|Completion rate 98.00% | 3.33 BYN | Amount98000 USDT Limit3000 - 52000 BYN | ||
C CryptoBankingBY 4 trades|Completion rate 100.00% | 3.32 BYN | Amount9894.65 USDT Limit100 - 20000 BYN | ||
B Belorus 23 trades|Completion rate 100.00% | 3.31 BYN | Amount100000 USDT Limit300 - 1500 BYN | ||
B BGUSER-0330Q2BW trades|Completion rate NaN% | 3.3 BYN | Amount10000 USDT Limit800 - 32000 BYN | ||
C CryptoPapyas 5 trades|Completion rate 100.00% | 3.28 BYN | Amount69771.11 USDT Limit100 - 30000 BYN |
Sell MUSIC (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
T Timalizalays 64 trades|Completion rate 98.00% | 3.33 BYN | Amount98000 USDT Limit3000 - 52000 BYN | ||
C CryptoBankingBY 4 trades|Completion rate 100.00% | 3.32 BYN | Amount9894.65 USDT Limit100 - 20000 BYN | ||
B Belorus 23 trades|Completion rate 100.00% | 3.31 BYN | Amount100000 USDT Limit300 - 1500 BYN | ||
B BGUSER-0330Q2BW trades|Completion rate NaN% | 3.3 BYN | Amount10000 USDT Limit800 - 32000 BYN | ||
C CryptoPapyas 5 trades|Completion rate 100.00% | 3.28 BYN | Amount69771.11 USDT Limit100 - 30000 BYN |
What factors influence the conversion rate of Gala Music to Kazakhstani Tenge?
Gala Music to Kazakhstani Tenge is falling this week.Conversion tables
The exchange rate of Gala Music is decreasing.MUSIC to KZT
KZT to MUSIC
Today vs. 24 hours ago
Amount | 10:04 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MUSIC | $0.01201 | $0.01256 | -4.38% |
1 MUSIC | $0.02401 | $0.02511 | -4.38% |
5 MUSIC | $0.1201 | $0.1256 | -4.38% |
10 MUSIC | $0.2401 | $0.2511 | -4.38% |
50 MUSIC | $1.2 | $1.26 | -4.38% |
100 MUSIC | $2.4 | $2.51 | -4.38% |
500 MUSIC | $12.01 | $12.56 | -4.38% |
1000 MUSIC | $24.01 | $25.11 | -4.38% |
Today vs. 1 month ago
Amount | 10:04 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 MUSIC | $0.01201 | $0.01814 | -33.81% |
1 MUSIC | $0.02401 | $0.03628 | -33.81% |
5 MUSIC | $0.1201 | $0.1814 | -33.81% |
10 MUSIC | $0.2401 | $0.3628 | -33.81% |
50 MUSIC | $1.2 | $1.81 | -33.81% |
100 MUSIC | $2.4 | $3.63 | -33.81% |
500 MUSIC | $12.01 | $18.14 | -33.81% |
1000 MUSIC | $24.01 | $36.28 | -33.81% |
Today vs. 1 year ago
Amount | 10:04 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MUSIC | $0.01201 | $0.08871 | -86.47% |
1 MUSIC | $0.02401 | $0.1774 | -86.47% |
5 MUSIC | $0.1201 | $0.8871 | -86.47% |
10 MUSIC | $0.2401 | $1.77 | -86.47% |
50 MUSIC | $1.2 | $8.87 | -86.47% |
100 MUSIC | $2.4 | $17.74 | -86.47% |
500 MUSIC | $12.01 | $88.71 | -86.47% |
1000 MUSIC | $24.01 | $177.42 | -86.47% |
Gala Music price prediction
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Buy Gala Music for 1 KZT
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