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Top countries in money transfers to Kazakhstan in March revealed

Kazakhstan Materials 6 May 2024 09:59 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, May 6. March 2024 saw approximately 74,900 foreign money transfer operations to Kazakhstan, totaling 20 billion tenge (or $44.9 million), Trend reports.

In comparison to February 2024 (71,900 transactions worth 19.1 billion tenge, or approximately $42.8 million), the number of money transfers received grew by 4.2 percent, while the volume of transactions declined by 4.9 percent, according to data from the Central Bank of Kazakhstan.

TOP 5 countries in terms of the amount of money transferred to Kazakhstan in March:

Country Number of transactions Share (%) Amount Share (%)
Russia 33,510 44.7 $12.7 million 28.1
US 8,280 11 $5.7 million 12.7
South Korea 3,700 4.9 $5 million 11.1
Uzbekistan 3,990 5.3 $4.35 million 9.6
Türkiye 4,480 6 $3.23 million 7.2

Meanwhile, the total volume of money transfers through international money transfer systems (IMTS) in Kazakhstan amounted to 196,200 transactions worth 61.5 billion tenge (about $138 million) in March 2024.

Compared to February 2024 (187,600 transactions worth 60.3 billion tenge, or $135 million), there has been a 4.6 percent increase in the number of transfers and a 2 percent increase in the volume of transactions.

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