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 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.
Greetings from Tripoli — a city that stands at the heart of Africa’s energy landscape and today hosts one of the continent’s key regional gather...
Children are forming new patterns of trust and attachment with AI companions, entering a world where digital partners shape their play, their confiden...
Israeli Prime Minister Benjamin Netanyahu has announced that he will meet US President Donald Trump later this month, saying discussions will focus on...
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest,...
A water leak at the Louvre last month damaged up to 400 books in its Egyptian antiquities library, deepening concerns over the museum’s ageing infra...
President Kassym-Jomart Tokayev has held high-level talks with the European Council President António Costa In Astana.
The United States and Central Asian countries have expressed interest inn new opportunities arising from the Trump Route for International Peace and Prosperity (TRIPP).
Kazakhstan has drafted a bill that would prohibit users under the age of 16 from registering on most online platforms.
Kazakhstan’s Deputy Prime Minister Kanat Bozumbayev says the investigation into the Azerbaijan Airlines plane crash near Aktau is in its final stage, with officials awaiting reports from foreign aviation authorities before closing the case.
A coup attempt by “a small group of soldiers” has been foiled, Beninese Interior Minister Alassane Seidou said on Sunday on national television, urging citizens to continue their daily activities.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
Pakistan and Afghanistan exchanged heavy fire along their shared border late on Friday, a reminder of how sensitive the frontier remains despite ongoing diplomatic efforts.
Hungarian Prime Minister Viktor Orban is set to make an official visit to Türkiye on Monday.
Israeli Prime Minister Benjamin Netanyahu said on Sunday that he will meet U.S. President Donald Trump later this month, saying a second phase of the U.S. president's Gaza plan was close.
At the Doha Forum, Assistant of the President of the Republic of Azerbaijan Hikmat Hajiyev and Secretary of the Armenian Security Council Armen Grigoryan discussed the peace process between the two countries.
Kremenchuk, an industrial centre on the Dnipro River, was struck again as Russian forces targeted facilities across the city during the night.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment