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Monthly Calculation Index
Monthly calculation index (MCI) ( (AEK); (MRP)) is an index used in Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ... for calculating pensions, allowances and other social payments and also for incrementing fines and calculating taxes and other payments. It is set annually by the law of the Republic on the Budget. Amounts * 1 January 1997 — 551 tenge * 1 April 1997 — 565 tenge * 1 July 1997 — 585 tenge * 1 October 1997 — 620 tenge * 1 January 1998 — 630 tenge * 1 April 1998 — 640 tenge * 1 July 1998 — 650 tenge * 1 October 1998 — 660 tenge * 1 January 1999 — 660 tenge * 1 April 1999 — 715 tenge * 1 October 1999 — 725 tenge * 1 January 2000 — 725 tenge * 1 January 2001 — 775 tenge * 1 January 2002 — 823 tenge * 1 January 2003 ...
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Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to the China–Kazakhstan border, east, Kyrgyzstan to the Kazakhstan–Kyrgyzstan border, southeast, Uzbekistan to the Kazakhstan–Uzbekistan border, south, and Turkmenistan to the Kazakhstan–Turkmenistan border, southwest, with a coastline along the Caspian Sea. Its capital is Astana, while the largest city and leading cultural and commercial hub is Almaty. Kazakhstan is the world's List of countries and dependencies by area, ninth-largest country by land area and the largest landlocked country. Steppe, Hilly plateaus and plains account for nearly half its vast territory, with Upland and lowland, lowlands composing another third; its southern and eastern frontiers are composed of low mountainous regions. Kazakhstan has a population of 20 mi ...
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Kazakhstani Tenge
The tenge ( or ; , ; ; Currency symbol, sign: ₸ ; ISO 4217, code: KZT) is the currency of Kazakhstan. It is divided into 100 tiyn (, ). History After the breakup of the Soviet Union in December 1991, most of the formerly Soviet republics attempted to maintain a common currency. Some politicians hoped to at least maintain "special relations" among former Soviet republics (the "near abroad"). Other reasons were the economic considerations for maintaining the ruble zone. The wish to preserve strong trade relations between former Soviet republics was considered the most important goal. The break-up of the Soviet Union was not accompanied by any formal changes in monetary arrangements. The Central Bank of Russia took over the State Bank of the USSR (Gosbank) on 1 January 1992. It continued to ship Soviet notes and coins to the central banks of the eleven newly independent countries, which had formerly been the main branches of Gosbank in the republics. The political situation, ...
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Economy Of Kazakhstan
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. As of 2023, Kazakhstan attracted more than US$370 billion of foreign investments since becoming an independent republic after the dissolution of the former Soviet Union. It possesses oil reserves as well as minerals and metals. Almost every known element on the periodic table can be found in Kazakhstan. It also has considerable agricultural potential, with its vast steppe lands accommodating both livestock and grain production. The mountains in the south are important for apples and walnuts; both species grow wild there. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources. The dissolution of the Soviet Union and the collapse of demand for Kazakhstan's traditional heavy industry products have resulted in a sharp decline of the economy since 1991, with the steepest annual decline occurring in 1994. In 1995–97 the pace of the government pro ...
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