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Author Topic: Kazakhstan to Introduce 20,000 Tenge bill (inflation)  (Read 2126 times)

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Offline Slumba

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Kazakhstan to Introduce 20,000 Tenge bill (inflation)
« on: November 30, 2015, 04:50:52 PM »
http://www.zerohedge.com/news/2015-11-30/hyperinflation-watch-kazakhstan-unveils-new-20000-tenge-banknote

In August, Kazakhstan allowed the Tenge and the US Dollar to "free float" - as a result, the Tenge lost about 40% in value against the USD, which has strengthened globally.

Now they are going from having a 10K Tenge to a new, 20K Tenge, bill.
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Offline ML

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Re: Kazakhstan to Introduce 20,000 Tenge bill (inflation)
« Reply #1 on: February 09, 2016, 09:32:26 PM »
Similar situation developed in Turkey.

Then they chopped off several zeros a few years back.
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