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Kazakhstan News

Kazakhstan developed SALT effective deposit insurance system Kazakhstan News

Kazakhstan developed SALT effective deposit insurance system

The State Kazakhstan Deposit Insurance Fund has developed a cutting edge software system named SALT. Over its history, the fund has successfully returned deposits to customers of three liquidated banks such as, Komirbank, Nauryzbank, and Valyut-Tranzit Bank. According to the chairperson of the Fund Bakhyt Mazhenova, bankruptcy of the Valyut-Tranzit Bank caused major problems, because the number of its depositors exceeded more than 265,000. January 21 2014, 12:23 3 210 views
Kazakhstan eyes its 'Cannabis Klondike' Kazakhstan News

Kazakhstan eyes its 'Cannabis Klondike'

Despite a heavy-handed campaign against drug trafficking and related crime in the country, one Kazakh lawmaker thinks it's time to cash in on some 140,000 stubborn hectares of wild cannabis that can be found around Kazakhstan. Darigha Nazarbaeva, the eldest daughter of Kazakh President Nursultan Nazarbaev, proposed this week that the country lease some of its treasured cannabis fields to international pharmaceutical companies, stuff.co.nz reports. January 16 2014, 11:00 11 418 views