Kazakhstani banks explained the cessation of transfers through Golden Crown

Credit institutions associate this with international economic sanctions. They also explain that there is a risk in sending and receiving transfers, which is why the system does not work for technical reasons.

Freedom Bank specialists say that transfers via Golden Crown are also not yet available due to technical problems. RBK Bank confirmed similar problems and did not give a timeline for their resolution.

CenterCredit reported that the Russian payment system was suspended for technical reasons on August 28, but has now been fully resumed.

In addition, the organization’s clients were informed that transfers to counterparties in Russia and Belarus in dollars will be possible until October 1, and in euros – from September 2 only to Raiffeisen Group accounts, but also only until October 1.

Starting next Monday (September 2), new contracts with counterparties from the Russian Federation and Belarus will be accepted for registration only in currencies other than the dollar, euro, pound, Swiss franc and Japanese yen. The recommended currencies were the Russian and Belarusian rubles, as well as the tenge.

For now, clients of Eurasian Bank and Nurbank can also use the Golden Crown service. And Bereke Bank noted that transfers through it are only possible to banks not authorized in Russia.

According to Alexander Bespalov, founder of the international consulting company Bespalov Finance, in an exclusive comment for RB.RU, the recent problems with the Golden Crown service in Georgia lasted several days and were of a technical nature; this happened quite logically.