A project has been launched to use the digital tenge to control budget expenditures

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The National Bank of Kazakhstan has launched a pilot project to use the digital tenge for financing the construction of the "Dostyk-Moyinkum" railway. The project was implemented in collaboration with Samruk-Kazyna JSC, Kazakhstan Temir Zholy JSC, Kazpost JSC, and Halyk Bank JSC. The marked funds are paid only to organizations that have fully fulfilled their obligations. The project is planned to be expanded to other projects of the National Fund, as well as to banks and sectors such as agriculture, construction, and digitalization of state support measures.

The National Bank of the Republic of Kazakhstan announced the launch of a pilot project to use the digital tenge for financing the construction of the "Dostyk-Moyinku" railway. The project is being implemented using programmability technology, which allows for monitoring and efficient spending of budget funds. Marked digital tenge will be paid only to organizations that have fully fulfilled their obligations, ensuring transparency and reducing the risks of misuse of funds.

The pilot project, developed in collaboration with JSC "Samruk-Kazyna", JSC "National Company "Kazakhstan Temir Zholy", JSC "Kazpost", and JSC "Halyk Bank", is planned to be expanded to other projects funded by the National Fund. In the future, the project will cover additional banks and sectors, such as agriculture, construction, and digitalization of state support measures.

Source: nationalbank.kz

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A project has been launched to use the digital tenge to control budget expenditures

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