13/12/2021: Introduction of New Banknotes and Coins
New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.
03/04/2017: Transition to Free Float
After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.
20/09/2015: Adoption of New Constitution
Nepal adopted a new constitution, resulting in political unrest and affecting the Nepalese Rupee's stability.
20/08/2015: Tenge Devaluation
Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.
19/04/2004: Introduction of New Banknotes
New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.
26/10/1999: Maoist Insurgency Begins
The start of the Maoist insurgency in Nepal led to political instability and economic challenges, impacting the value of the Nepalese Rupee.
04/10/1999: Floating Exchange Rate
Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.
15/02/1994: Denomination of Tenge
The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.
15/11/1993: Introduction of Kazakhstani Tenge
The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.
08/04/1993: Nepalese Rupee's Peg to Indian Rupee
The Nepalese Rupee was pegged to the Indian Rupee at a fixed exchange rate.
30/12/1972: Reintroduction of Nepalese Rupee
Nepal reintroduced the Nepalese Rupee as the official currency, separating it from the Indian Rupee.
12/03/1960: Replacement of Nepalese Rupee
The Nepalese Rupee was replaced by the Indian Rupee as the legal tender in Nepal.
15/12/1959: Nepal Rastra Bank Established
Nepal Rastra Bank, the central bank of Nepal, was established to oversee the monetary system and issue the Nepalese Rupee.
07/04/1932: Introduction of Nepalese Rupee
The Nepalese Rupee was officially introduced as the currency of Nepal, replacing the silver mohar.