Kazakhstan’s National Bank will continue buying back older-design U.S. Federal Reserve notes, commonly known as «white dollars,» from Kazakhstani banks to prevent the accumulation of unclaimed cash in the country, according to the regulator. To remove these older, unpopular banknotes from circulation, the National Bank began repurchasing them from financial institutions last year.
«At the end of last year, the National Bank facilitated the return of $48 million in unclaimed U.S. dollar cash to the U.S. Federal Reserve. This direct arrangement with the Fed, involving older banknotes accepted from second-tier banks, helped minimize transportation, insurance and...