Kazagrofinance JSC took part in a pilot project aimed at monitoring the distribution and development of investment subsidies using digital tenge. "As part of the pilot project, a farmer from Akmola region purchased agricultural machinery on lease at a reduced rate, the press service of" "Kazagrofinance "" JSC reports."

The pilot project of using digital tenge shows good results. A farmer from Akmola region, who became a potential lessee, leased agricultural machinery of Astykzhan K T LLP at a preferential rate of 5%. The advance fee was paid at the expense of public funds using digital tenge.

The total amount of the contract amounted to 7.7 million tenge, and a seeder-cultivator and a rotary mower were chosen as the subject of leasing.

"One of the main advantages of digital tenge is that there will be no need to transfer funds to special accounts in advance. In addition, the new mechanism will automate the control of prepayments. The system will provide automatic transfer of the required amount to the financial institution after the conclusion of the lease agreement. This will prevent mistakes and misunderstandings, and will increase the transparency of all financial transactions," said Mars Alish, deputy chairman of the board of Kazagrofinance JSC.

Digital tenge is considered as the third form of the national currency of Kazakhstan. Its uniqueness is that it combines the advantages of cash and non - cash payments. For example, there is no need for the internet to pay in digital tenge. Also,with the help of blockchain technology, data will be protected at a high level and transparency of all operations will be ensured. This allows you to control the flow of budget funds.

Recall that in February 2024, at an expanded meeting of the government, the president instructed to scale projects for labeling and tracking money using digital tenge.

Source : https://www.gov.kz/memleket/entities/moa/press/news/details/911265