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The FT reports the launch of a new Mastercard credit card in oil and mineral rich Kazakhstan. Big deal, you may say, but this is no ordinary piece of plastic - it's inlaid with a 0.02 carat diamond and laced with gold.
To be issued by Kazkommertsbank, the card has a $1000 annual fee and $50,000 credit limit.
Predictably, the FT points out the incongruity of such a ridiculous piece of bling being launched as the world's financial system goes into meltdown. Even more predictably, others can't resist crowbarring Kazakhstan's least favourite son, Borat, into the story.
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Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
06 January
Elena Vysotskaia Founder & CEO at Astra Global
03 January
Dieter Halfar Partner at Elixirr
Prakash Bhudia HOD – Product & Growth at Deriv
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