National Bank of Kazakhstan introduced a new 500 Tenge banknote into circulation. This note is the fifth in the "Saka Style" series and reflects the country's rich cultural heritage – from nomadic traditions to modern elements. Old-style banknotes will remain in circulation until the end of the specified period, according to NUR.KZ, citing the National Bank. The new banknote will gradually replace the previous version. It will enter mass circulation during the coming year, as time is needed for regional delivery and the adaptation of equipment such as ATMs and terminals.

Design and form of the banknote The color of the new banknote is blue, symbolizing the sky and the freedom of nomads. The design is inspired by the Saka style, which combines ancient artifacts with modern motifs. The obverse side features:

  • A branch of the "Tree of Life" with a soaring bird (from the Issyk mound, a detail of the Golden Man's headgear, carrying the sacred meaning of the connection between nature and beliefs);

  • A DNA spiral and a stylized ornament in the shape of an infinity symbol, emphasizing human harmony with nature;

  • An artifact – a fragment of a psalia in the shape of an argali head (from the Berel mounds of the "Valley of the Kings", East Kazakhstan region).

The reverse side features:

  • An argali, typical of Kazakhstani fauna, against the background of a stylized shield with an ornament;

  • A circular Kazakh ornament incorporating ideas of value protection, the four cardinal points, and a solar sign as a symbol of energy and life;

  • In the center – the outline of the "infinity" ornament with a landscape view of Mount Muztau.

These elements emphasize Kazakhstan's heritage, blending history with modernity, and make the banknote not just a means of payment, but a cultural symbol.

Replacement procedure and parallel circulation period New 500 Tenge banknotes are being introduced and will replace old specimens within a certain timeframe. The parallel circulation period will last for a set duration. During this time, there is no need for special exchange at banks – old notes will be withdrawn gradually. After the parallel period concludes, second-tier banks and Kazpost will exchange old notes for new ones over several years. National Bank branches will accept old notes indefinitely. The National Bank emphasizes that both versions are legal tender throughout Kazakhstan for payments, transfers, and account deposits. Refusal to accept legal banknotes or coins is considered an administrative offense under the Code of the Republic of Kazakhstan on Administrative Offenses. This issue is part of a national currency update aimed at strengthening counterfeit protection and preserving cultural identity. Kazakhstanis can be confident in the stability of the Tenge, as the new design elements are not only aesthetic but also functional for the modern economy.

Vitalii Cherniuk 

CEO World Banknote Store