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History of Tenge Has Been Told About to Young People of the Capital

by November 28, 2016 Key Issues

Today representatives of the financial sector have held an interactive lecture for the students of schools, colleges and universities of the capital. The meeting was devoted to the main attribute of the country’s economy – the national currency and timed to the celebration of the 25th anniversary of Independence of the Republic of Kazakhstan.

Students were told about the history of tenge in banknotes and coins, the naming, description of the symbol and about other world currencies.

“I’ve tried to convey the complex history of the formation of our monetary system to students, shared my knowledge with them, told about the prospects of the currency development in the future, about how the difficulties are solved along this way and what the National Bank of Kazakhstan does to solve the problems to ensure the stability and sustainability of the currency. Monetary theory is a very interesting science, money is a category that is not only macroeconomic, but also affects each resident and is related to people’s lives, businesses, and the state as a whole. Therefore, the young people should know about that, – said candidate of economic sciences, Associate Professor of the “Banking” Department at the Kazakh University of Economy, Finance and International Trade Almagul Dzhumabekova.

During lectures, the students have also learned everything about the measures of state support related to education.

“If there are no tuition funds, there are tuition loans. When, for example, a person has studied for a certain period of time, and then he or she has not been able to pay, loans under state guarantee are provided; the interest rate is much lower and the loan term is up to 10 years”, – said a manager of the Financial Center JSC of the Ministry of Education and Science of the Republic of Kazakhstan Alpamys Satybaldin.

The lecture has been organized by Astana Zhastary Youth Resource Center of the Mayor’s Office.

Source: Akimat of Astana