Currency Day

What do we know about our money? Altyn or Tenge? Who worked on the creation of the first currency of independent Kazakhstan?

In August 1993, Russia carried out its own monetary reform and put old banknotes out of circulation, replacing them with new rubles. Kazakhstan was informed of the reform just three days before its implementation, and this was a new blow to the economy of the republic. A flood of old Soviet rubles poured into the country from Azerbaijan, Kyrgyzstan, Turkmenistan and Russia. Citizens of these countries illegally imported into Kazakhstan millions of rubles in bags in order to buy various goods on them.

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