The National Bank of Kazakhstan has unveiled plans to launch the "Digital Investment Coin" project in early 2025, offering a new way to trade gold investment coins globally.
The initiative will allow users to buy and sell gold investment coins online, anytime and anywhere in the world. The digital coin's value will be calculated in tenge, based on the weight and price of gold as determined by the London Bullion Market Association (LBMA) and the US dollar-to-tenge exchange rate set by Kazakhstan's central bank.
As part of the project, the National Bank has created an exclusive design for a new gold coin named ÚKI. Made of 999.9 fine gold, the coin will weigh 31.1 grams, have a face value of 100 tenge, and feature a design inspired by the "Iconic Animals - Totems of the Nomads" collectible coin series. The coins will be packaged in blister packs for preservation.
This announcement coincides with Kazakhstan's celebration of National Currency Day on November 15, commemorating the tenge as a symbol of national economic sovereignty.
Investment coins, commonly known as bullion coins, are issued by central banks and crafted from precious metals such as gold, silver, platinum, or palladium. They are designed primarily for investment purposes, serving as a secure and tangible savings asset for individuals.
The "Digital Investment Coin" initiative marks a significant step in modernizing Kazakhstan's financial offerings while maintaining its rich cultural heritage in coin design.
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U.S. President Joe Biden has expressed his gratitude to Azerbaijan for hosting the 29th United Nations Climate Change Conference (COP29), calling the event a pivotal step toward global climate action.
Deputy foreign ministers from Iran, the United Kingdom, France, and Germany are set to convene on November 29 to discuss issues related to Iran’s nuclear program, according to Iranian Foreign Ministry spokesperson Ismail Baghai.
The National Bank of Kazakhstan has unveiled plans to launch the "Digital Investment Coin" project in early 2025, offering a new way to trade gold investment coins globally.
The China State Construction Engineering Corporation will spearhead the construction of a new international airport in Kyrgyzstan's Jalal-Abad region.
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