The broker “BCS World of Investments” has closed the possibility of withdrawing Kazakhstani tenge from brokerage accounts to the data of BCS Bank and third-party banks, the company’s website reports. The restrictions came into force on July 15.
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According to the broker’s message, the measures are being taken due to the complication of settlements between participants in the Kazakhstani currency trade. In addition, the measure is associated with an increase in the time for inflow and outflow of currency and settlement of transactions with it.
As the company emphasizes, clients will be able to continue trading currencies and will also be able to convert tenge into another currency.
“There are no restrictions on BCS Bank. Clients can still make tenge transactions: input/output, exchange and foreign transfers,” the press service said.
BCS World of Investments stopped trading in Turkish lira on July 4. The reason was US sanctions against the National Clearing House.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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