BAKU, Azerbaijan, Would possibly 22. Kazakhstan is in a position
to proportion its revel in at the advent of virtual forex
with Azerbaijan, Chairman of the Board of the Nationwide Cost
Company of Kazakhstan Binur Zhalenov informed Pattern at the margins of
the Fintex Zenith in Baku.
“So far as I’m mindful, refuse conclusive determination has been reached
in regards to the virtual manat. Then again, we’re keen to replace our
experience with our opposite numbers. As soon as a call is reached
in regards to the implementation of the virtual manat, we’ll be
ready to proportion our insights, which won’t simplest foster
cross-border settlements between our countries but additionally support
cooperation,” he mentioned.
The chairman means that the presence of virtual currencies in
each nations will help in decreasing transaction prices.
“Must there be a virtual manat and virtual tenge, the speed
and expense of transactions between our countries might see a possible
trim,” remarked Zhalenov.
Moreover, he highlighted the collaborative efforts between
regulators in each nations.
“We constantly have interaction in productive collaboration with our
opposite numbers on the Central Storage of Azerbaijan. They’re a extremely
talented regulatory frame,” said the chairman of the Nationwide
Cost Company.
To notice, the virtual tenge mission underwent a pre-launch segment
in 2021 to evaluate its feasibility. Next analysis and trying out
with actual customers and companies persisted during 2022.
On November 15, 2023, the preliminary segment of imposing the
virtual tenge platform inside the commercial circuit commenced.
Participating with the Almaty town’s management and Kazpost
postal provider corporate, a pilot mission introducing “virtual
vouchers” for complimentary foods in faculties was once initiated.
Moreover, along with world fee techniques and
4 second-tier banks, the sector witnessed the debut of locker playing cards
attached to a virtual account within the central locker’s virtual
forex. This cutting edge building allows voters to make use of,
remove, and habits transactions international, all inside of a common
person interface.
