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Minimum Wage In Kazakhstan
Minimum wage in Kazakhstan is set by a law that established the nationwide minimum wage. According to Kazakh sources, minimum wage in Kazakhstan in 2010 was 14592 tenge (about $38 USD) per month. After that it increased to 21364 tenge (about US$55) in 2015. The current minimum wage in Kazakhstan, which was set on January 1, 2017, equals 24,459 tenge (about US$63). There is a lot of discussion about the low level of minimum wages in Kazakhstan. Because of that, the opposition party in Kazakhstan, Democratic Choice of Kazakhstan Democratic Choice of Kazakhstan ( kk, Қазақстанның демократиялық таңдауы, Qazaqstannyñ demokratialyq tañdauy, QDT; russian: Демократический выбор Казахстана, DVK) is a political par ..., has criticised the president of the country, Nursultan Nazarbayev. The Minimum Wages in Kazakhstan increased to 42500 KZT/Month in 2019. References {{Asia topic, Minimum wage in Kazakhstan Economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Over time, minimum wages came to be seen as a way to help lower-income families. Modern national laws enforcing compulsory union membership which prescribed minimum wages for their members were first passed in New Zealand in 1894. Although minimum wage laws are now in effect in many jurisdictions, differences of opinion exist about the benefit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollars
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from Dollar, other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7735 troy ounces) fine silver or, from 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenge
The tenge ( or ; kk, теңге, teñge, ; Currency symbol, sign: ₸ ; ISO 4217, code: KZT) is the currency of Kazakhstan. It is divided into 100 tiyn ( kk, тиын, tıyın also transliterated as ''tiyin''). 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 rouble 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 was authorized to take 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Choice Of Kazakhstan
Democratic Choice of Kazakhstan ( kk, Қазақстанның демократиялық таңдауы, Qazaqstannyñ demokratialyq tañdauy, QDT; russian: Демократический выбор Казахстана, DVK) is a political party in Kazakhstan. It was founded by Mukhtar Ablyazov, a businessman and a former minister and Galymzhan Zhakiyanov, who was the akim of Pavlodar Region. The QDT embraced a number of influential politicians and wealthy businessmen of the country who grew disillusioned with the inner circles of President Nazarbayev. The movement adopted a strong anti-Nazarbayev stance and criticized the corruption and nepotism of the president and his clique. The party seeks to peacefully topple the current Kazakh regime and to transform Kazakhstan into a parliamentary republic. History Origin (1998–2001) From 1998 to 1999, Mukhtar Ablyazov served as Minister of Energy, Industry and Trade. Numerous reforms under him were proposed which was a program to di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nursultan Nazarbayev
Nursultan Abishuly Nazarbayev ( kk, Нұрсұлтан Әбішұлы Назарбаев, Nūrsūltan Äbişūlı Nazarbaev, ; born 6 July 1940) is a Kazakh politician and military officer who served as the first President of Kazakhstan, in office from country’s independence in 1991 until his formal resignation in 2019, and as the Chairman of the Security Council of Kazakhstan from 1991 to 2022. He held the special title as Elbasy (meaning "Leader of the Nation", ) from 2010 to 2022. Nazarbayev was one of the longest-ruling non-royal leaders in the world, having led Kazakhstan for nearly three decades, excluding chairmanship in the Security Council after the end of his presidency. He has often been referred to as a dictator due to usurpation of power and autocratic rule. He was named First Secretary of the Communist Party of the Kazakh SSR in 1989 and was elected as the nation's first president shortly before its independence from the Soviet Union. In 1962, while working as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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