Kazakhstan postpones 20,000 tenge note

An article on Tengrinews.kz mentions that the introduction of the already printed new 20,000 tenge note has been postponed by the National Bank of Kazakhstan. The reason for this decision is the fear for high inflation. At this moment the 10,000 tenge is the highest denomination in the country (this note was Banknote of the Year 2011 by the way). 

The National Bank has stated that they don't rule out the introduction of the 20,000 tenge note in the future but they don't expect it to be issued very soon. 

Update 21 November 2015: there is a new discussion about introducing this note after all.

© banknotenews.com
© banknotenews.com
Steven Friday 20 December 2013 at 08:43 am | | news
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