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.
Afghanistan’s Minister of Public Health, Noor Jalal Jalali, met with Kazakhstan’s Ambassador to Kabul, Gaziz Akbasov, to press for enhanced health...
For more than 4,000 years, Egypt’s pyramids have stood as marvels of human ambition, but new research raises a tantalising question: did humans real...
Azerbaijan’s President Ilham Aliyev has begun high-level talks in Turkmenistan aimed at boosting regional energy, trade and transit links, ahead of ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22th of August, covering the latest developments you need to k...
President of the Republic of Azerbaijan Ilham Aliyev arrived in Turkmenistan on a working visit on 22 August, at the invitation of Chairman of the Hal...
Afghanistan’s Minister of Public Health, Noor Jalal Jalali, met with Kazakhstan’s Ambassador to Kabul, Gaziz Akbasov, to press for enhanced health-sector cooperation, part of a broader bilateral push that includes infrastructure, trade, and humanitarian aid ties.
Kazakhstan is accelerating efforts to overhaul its railway infrastructure in a bid to enhance efficiency and reinforce its role as a crucial Eurasian transit corridor, the government announced on Tuesday.
On 14 August, Azerbaijan’s Minister of Foreign Affairs Jeyhun Bayramov spoke by phone with his Kazakh counterpart, Murat Nurtleu.
Starlink has officially started operations in Kazakhstan, making satellite internet available to the public for the first time. Citizens can now legally purchase, use, and register Starlink terminals in line with national regulations.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Azerbaijan’s President Ilham Aliyev has begun high-level talks in Turkmenistan aimed at boosting regional energy, trade and transit links, ahead of a trilateral summit with Uzbekistan.
President of the Republic of Azerbaijan Ilham Aliyev arrived in Turkmenistan on a working visit on 22 August, at the invitation of Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov.
Israel will begin immediate negotiations for the release of all hostages held in Gaza, Prime Minister Benjamin Netanyahu said Thursday, while maintaining military pressure on Gaza City.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
Iran’s Foreign Minister Abbas Araghchi has ruled out imminent nuclear negotiations with the United States but said talks with the European powers and the International Atomic Energy Agency (IAEA) are planned for coming days.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment