Kazakhstan refuses to issue 20,000- tenge bills in near future

Photo: Kazakhstan refuses to issue 20,000- tenge bills in near future / Finance

Astana, Kazakhstan, July 22
By Daniyar Mukhtarov - Trend:

It is not planned to issue 20000 tenge bill in Kazakhstan in the near future, head of the National Bank of Kazakhstan, Kairat Kelimbetov said at a press-conference.

"We [NB] decided that the issue of the 20,000 tenge bill is premature yet," he said.

At the same time, he noted that the decision will be formed depending on the situation in the coming years.

"But, there will not 20,000 tenge bills in the near future, and accordingly there will not be my signature on the new bill," Kelimbetov said.

The banknotes in denominations of 1, 3, 5, 10, 20, 50, 100, 200, 500, 1,000, 2,000, 5,000 and 10,000 tenge are in circulation in Kazakhstan.

Edited by CN

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