The size of the commission fee was determined based on the market quotes from foreign partners. At the end of the year, the National Bank of Kazakhstan (NBK) exported cash received from banks totaling 48 million US dollars.
As part of the conducted work, the NBK reached a direct agreement with the Federal Reserve System of the United States for the acceptance of such dollars, which allowed for a reduction in transportation, insurance, and other service costs. The commission fee for transactions decreased to 0.3%.
The National Bank plans to continue such operations temporarily, based on the requests from second-tier banks to address the issue of accumulating outdated US dollars.