500 Tenge

Kazakhstan's 500 Tenge has been issued across multiple series since the tenge was introduced in November 1993, when the country broke from the Soviet ruble zone. The 2017 dated examples belong to a revised security series, though the 500 denomination has never been a particularly high-value note in daily Kazakhstani commerce — by 2017 it represented roughly $1.50 USD, a reflection of sustained tenge depreciation following the 2015 managed float that wiped out approximately 35% of the currency's value against the dollar almost overnight.

Pick A45 is sparsely documented in major catalogs, suggesting limited collector attention to this specific date variant.