Kazakh National Bank issues one kilogramme silver coins

ASTANA – The Kazakh National Bank issued June 20 silver and nickel coins in the denomination of 100, 500 and 5,000 tenge. The coins are dedicated to the 20th anniversary of Astana, the press service of the National Bank reports.

national bank

The coins’ obverse displays the National Emblem, inscriptions of the denomination and the name of the country, Republic of Kazakhstan, in Kazakh and English. The silver coins also contain inscriptions specifying that they are made of silver: Ag 925 1 kg or Ag 925 31.1 g. The numbers show silver purity and weight.

There is a collage of the landmark buildings of Astana on the reverses of the coins. In the upper section, there is an inscription – “Astana” and a stylised image of the sky. In the lower part, there is a stylised image of “20 years” filled with the image of the national ornament and “1998-2018”, indicating the year of the establishment of the capital and the year of coinage. The collectible coins are made at the Kazakhstan Mint of the National Bank.

Collectible coins of 100, 500 and 5,000 are obligatory for acceptance at their nominal value in Kazakhstan for all types of payments, as well as for transfer to bank accounts. They have to be used without any restrictions and exchanged in all banks of the country.

Coins are intended for sale at a collectible cost. Silver coins of proof quality are issued in a souvenir package and are supplied with a quality certificate in Russian and English. Uncirculated quality coins are packaged for sale in special packaging.

Earlier the National Bank announced it would conduct an audit of buyers of investment or collection coins, if the transaction amount exceeds 2 million tenge (US$5,880). The National Bank identifies individuals and legal entities that purchase or lease investment and (or) collection coins, as well as does their verification in accordance with the requirements of the Law on Countering the Legalisation (Laundering) of Proceeds from Crime and Financing terrorism.

Buyers will have to provide the original or a notarised copy of the identity document or a power of attorney from the organisation, as well as fill out a corresponding application. In case of unreliable information, the National Bank can refuse to conduct cash operations for the sale and repurchase of investment and collection coins. The bank doesn’t sell coins to individuals and organisations associated with the financing of terrorism and extremism.

The list of all coins issued by the National Bank can be found at www.nationalbank.kz.

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