Kazakhstan to Introduce Digital Gold Investment Coin in 2025
trend
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.
14:52
Kazakhstan
Kazakhstan appoints new minister amid nuclear move
Kazakhstan’s energy landscape is undergoing a major shift as President Tokayev appoints Yerlan Akkenzhenov as the new energy minister. This change comes amid the country’s push for nuclear power, marking a pivotal moment in Kazakhstan’s energy diversification strategy.
09:43
China - Kazakhstan
China and Kazakhstan strengthen bilateral cooperation
China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.
14:04
National Bank of Kazakhstan launches digital gold coin
The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
13:47
AZERBAIJAN-KAZAKHSTAN
Azerbaijan, Kazakhstan signed an Action Plan for 2025-2026
Azerbaijan's Foreign Affairs Minister Jeyhum Bayramov has been received today by Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtleu.
What is your opinion on this topic?
Leave the first comment