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
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 22 October, covering the latest developments you need to know.
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A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
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New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
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