The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
The Gold Coin project aims to provide the citizens of Kazakhstan with alternative investment instruments, while also fostering capital growth within the digital economy and modern technological framework.
Each Gold Coin unit is equivalent to 1/20 of a troy ounce of gold, weighing 31.1035 grams. Its value will be based on the gold price set by the London Bullion Market Association (LBMA) and the official exchange rate of the tenge to the US dollar from the day before the purchase or sale.
The new investment instrument will be available through the Tabys mobile application of the Astana International Exchange (AIX). Users will be able to buy, sell, and gift Gold Coins online.
Furthermore, those who accumulate 20 units of Gold Coin can exchange them for a physical ÚKI gold investment coin at National Bank branches nationwide.
The ÚKI coin is made of gold Au 999.9, with a face value of 100 tenge, and weighs 1 troy ounce
Read next
10:50
China and Kazakhstan
China and Kazakhstan have reaffirmed their commitment to strengthening their permanent comprehensive strategic partnership, pledging to boost cooperation across key sectors during the second China-Kazakhstan Foreign Ministers' Strategic Dialogue in Beijing.
20:31
Kazakhstan - Russia
Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
15:30
Italy - Kazakhstan
Italian Prime Minister Giorgia Meloni is set to make an official visit to Kazakhstan from April 26 to 27, at the invitation of President Kassym-Jomart Tokayev.
15:03
Kazakhstan and Azerbaijan are set to conduct joint naval exercises, "Caspian Breeze – 2025", in the Kazakh sector of the Caspian Sea near the port city of Aktau.
13:41
On April 11, Foreign Minister Sergey Lavrov will participate in the CIS Foreign Ministers Council and the 8th meeting of Russian and Central Asian foreign ministers—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Both events will be hosted in Almaty, Kazakhstan.
What is your opinion on this topic?
Leave the first comment