1000 Tenge (Constitution of Kazakhstan) – Kazakhstan
Non-circulating coins
Commemoration: 30 years of the Constitution of Kazakhstan
Series: Outstanding Events and People
Kazakhstan
Context
Material
Diameter: 38.61 mm
Weight: 31.1 g
Silver weight: 28.77 g
Shape: Round
Composition: 92.5% Silver
Standard: Silver ounce
Magnetic: No
Alignment: Medal alignment
flip
References
Numista: #484970
Value
Exchange value: 1000 KZT
Bullion value: $82.33
Obverse
Description:
The central State Emblem is flanked by national ornament, encircled by "QAZAQSTAN ULTTYQ BANKI • NATIONAL BANK OF KAZAKHSTAN," with 1000 TEŃGE at the bottom.
Inscription:
• QAZAQSTAN ULTTYQ BANKI • NATIONAL BANK OF KAZAKHSTAN
1000 TEŃGE
1000 TEŃGE
Translation:
• QAZAQSTAN ULTTYQ BANKI • NATIONAL BANK OF KAZAKHSTAN
1000 TEŃGE
1000 TEŃGE
Script: Latin
Reverse
Description:
A map of Kazakhstan behind an open book, marked "30" and the years 1995-2025, represents the Constitution. Above is the inscription "ҚАЗАҚСТАН КОНСТИТУЦИЯСЫНА" with metal specifications; below are national ornaments.
Inscription:
ҚАЗАҚСТАН КОНСТИТУЦИЯСЫНА
Ag 925 31.1 g
1995 2025
30 ЖЫЛ
Ag 925 31.1 g
1995 2025
30 ЖЫЛ
Translation:
30 Years of the Constitution of Kazakhstan
Ag 925 31.1 g
1995 2025
Ag 925 31.1 g
1995 2025
Script: Cyrillic
Edge
Mints
| Name | Mark |
|---|---|
| Kazakhstan Mint | (QUB) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2025 | — | 1,000 | Proof |
Historical background
In 2025, Kazakhstan's currency, the tenge (KZT), operates within a managed float regime heavily influenced by the National Bank of the Republic of Kazakhstan (NBRK). The primary monetary policy focus remains on controlling inflation, which has seen moderate success but remains vulnerable to external shocks. The tenge's value continues to be predominantly dictated by the price of key export commodities, particularly oil and natural gas, as well as the economic dynamics of major trading partners like Russia and China. This dependency creates inherent volatility, with the NBRK intermittently intervening in the foreign exchange market to smooth out excessive fluctuations rather than targeting a specific exchange rate.
The broader financial landscape is characterized by ongoing efforts to deepen the domestic capital market and reduce dollarization, a persistent legacy of past devaluations. Initiatives to develop a more robust yield curve for tenge-denominated securities and to encourage lending in the local currency have seen incremental progress. However, geopolitical tensions and regional economic instability, coupled with the need to service external debt, continue to pressure foreign reserves and limit the central bank's policy flexibility. Digitalization is also a key theme, with the continued exploration of a digital tenge (CBDC) pilot aimed at improving payment efficiency and financial inclusion.
Looking ahead, the tenge's stability in 2025 hinges on a delicate balance. Sustained high global energy prices provide a fiscal buffer and support the currency, while diversification efforts away from raw material exports remain a long-term strategic goal. The NBRK's credibility in maintaining price stability is crucial for investor confidence. Ultimately, Kazakhstan's currency situation reflects an economy in transition, navigating the challenges of a resource-dependent model while cautiously building more resilient and sophisticated monetary and financial frameworks.
The broader financial landscape is characterized by ongoing efforts to deepen the domestic capital market and reduce dollarization, a persistent legacy of past devaluations. Initiatives to develop a more robust yield curve for tenge-denominated securities and to encourage lending in the local currency have seen incremental progress. However, geopolitical tensions and regional economic instability, coupled with the need to service external debt, continue to pressure foreign reserves and limit the central bank's policy flexibility. Digitalization is also a key theme, with the continued exploration of a digital tenge (CBDC) pilot aimed at improving payment efficiency and financial inclusion.
Looking ahead, the tenge's stability in 2025 hinges on a delicate balance. Sustained high global energy prices provide a fiscal buffer and support the currency, while diversification efforts away from raw material exports remain a long-term strategic goal. The NBRK's credibility in maintaining price stability is crucial for investor confidence. Ultimately, Kazakhstan's currency situation reflects an economy in transition, navigating the challenges of a resource-dependent model while cautiously building more resilient and sophisticated monetary and financial frameworks.
✨ Legendary