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.
U.S. President Donald Trump says Israeli Prime Minister Benjamin Netanyahu will visit Washington next week as tensions continue to rise across the Mid...
India's Education Minister, Dharmendra Pradhan, resigned on Saturday, marking a significant victory for youth protesters who had been demanding that h...
Romania said on Saturday that it had shot down a second drone after it entered the country's airspace in as many days....
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th July, covering the latest developments you need to know.
U.S. strikes on Iran entered a 12th consecutive night, while Yemen's Houthis said they attacked two Saudi oil tankers in the Red Sea, urging President Donald Trump to warn Tehran it would be held responsible for any future Houthi attacks.
The U.S. military said it completed a fresh wave of strikes on Iran late on Thursday, marking the 13th consecutive night of American attacks. The latest operation lasted more than two hours, according to U.S. Central Command.
Aleksandar Vučić's visit to Kyiv on 15 July appeared to send a geopolitical signal. But the significance of the trip lies less in the journey itself than in the limits Serbia carefully observed.
Spain has declared a national emergency and evacuated more than 10,000 people after uncontrolled wildfires reached the outskirts of Madrid. Emergency crews have rescued residents as multiple blazes continue to spread across the region.
A new state agency wants the world to take Georgian food as seriously as Georgians already do.
More than 100 Afghan business representatives travelled to Uzbekistan this week for a business forum aimed at expanding trade and investment, as Uzbek investors also expressed interest in Afghanistan’s mining sector.
Kazakhstan's grain sector faces a difficult season as drought reduces harvest prospects while mounting security risks in the Black Sea threaten to redirect cheaper Russian grain into Central Asian markets.
Uzbekistan welcomed 6.56 million foreign tourists in the first six months of 2026, a 24.9% increase compared with the same period last year, according to the National Statistics Committee. The figures underline the country's growing appeal as one of Central Asia's leading travel destinations.
Azerbaijan’s Milli Majlis has condemned discussion of Bill H.R. 9087 by the U.S. House Foreign Affairs Committee, rejecting what it described as unfounded accusations against Baku and warning the measure could undermine efforts to advance the Azerbaijan-Armenia peace process.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment