INNOVATIONS IN MONETARY POLICY: HOW DIGITAL CURRENCIES AND BLOCKCHAIN TECHNOLOGIES AFFECT THE STABILITY OF THE NATIONAL CURRENCY

Abstract

This article explores the impact of digital currencies and blockchain technology on the stability of Kazakhstan's national currency, the Tenge. It examines the traditional monetary policy in Kazakhstan, the rise of digital currencies and central bank digital currencies (CBDCs), and the country's current stance on these innovations. The article evaluates the potential risks and benefits of adopting digital currencies and blockchain in Kazakhstan and offers policy recommendations. Kazakhstan's ability to maintain Tenge stability while embracing these technologies is crucial for its future financial landscape.