You saw it here first…
The National Bank of the Republic of Kazakstan decided to keep redeeming the 2006 banknotes of 1,000 (KZT1,000.4), 2,000 (KZT2,000.3), 5,000 (KZT5,000.4) and 10,000 tenge (KZT10,000.1) ) without time limit.
In future the timeline for withdrawal of banknotes from circulation will be:
1. Co-circulation of older and new notes for one year,
2. Redemption at commercial banks for three years, and
3. Redemption at the branches of the National Bank without time limit.
Courtesy:Arsentiy Khonin; Gabriel’s Numismatic Market, LLC.
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