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When the United States, Europe and some Asian nations first imposed them in February 2022, the Kazakh tenge, the local currency, fell 20 percent.

Immediate attention has turned to stabilizing the national currency, the tenge.

The banking sector was hit hard by a fall in oil prices and subsequent tenge devaluation in 2015 because many banks lent in dollars.

The local city hall reportedly contributed 15 million tenge to the installation, which has led some to question the priorities of local government.

At the moment though, app users can only buy the central bank’s own one-year discount notes denominated in the local tenge currency and yielding 8.5 percent.