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Kazakhstan's National Bank Proposes Renaming the Tenge

Kazakhstan's National Bank has initiated a move to update the official spelling of the nation's currency, the Tenge. This proposal involves amendments to two key resolutions, aiming to align the currency's name with recent constitutional changes.

Constitutional Alignment

The primary driver behind this proposed change is the new edition of Kazakhstan's Constitution, adopted following a referendum. The updated constitutional text mandates a shift in the spelling of the currency from "tenge" to "teńge." This is described as a technical adjustment, with no anticipated impact on monetary policy or operational procedures.

Public Consultation Underway

The proposed amendments are currently open for public discussion on the "Open NPA" portal until June 17. This initiative is part of a broader effort to ensure all national regulatory legal acts are consistent with the revised Constitution.

This change reflects a commitment to updating legal frameworks to match the country's evolving foundational laws.

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