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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.
North America editor
27 Nov 2006
This post is from a series of posts in the group:
A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.