“The National Bank of Kazakhstan decided to buy out unclaimed old-model US dollars from second-tier banks for subsequent export abroad. The commission fee was set based on market quotes of foreign counterparties. At the end of last year, the NB exported unclaimed US dollars accepted from second-tier banks in the amount of $48 million,” reads the report.
The National Bank reached an agreement directly with the US Federal Reserve System on the acceptance of old-model US dollars, which ensured a reduction in potential transportation, insurance and other expenses. It is indicated that as a result, the commission fee for these transactions has been reduced to 0.3%.
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