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Kazakhstani Tenge
(redirected from Kazakh tenge)

   Also found in: Wikipedia 0.01 sec.
Kazakhstani Tenge
The currency of Kazakhstan. It was issued in 1993, replacing the Soviet ruble. Kazakhstan was one of the last former Soviet republics to issue a new national currency.


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In the case of FCC, Moody's review of the company's standalone creditworthiness was primarily prompted by the increase in the level of total debt reported in the first quarter of 2009, mainly as a result of the devaluation of the Kazakh tenge compared to the dollar and by the subsequent reduction in the headroom within the financial covenants existing on its foreign debt.
The Belorussian ruble has gone down in value by 20%, Kazakh tenge dropped down by 50-60 Kazakh tyins.
The substantial devaluation of the Kazakh tenge earlier this year has revived concerns of an escalation in inflationary pressures.
 
 
 
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