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Countries leading in money transfers from Kazakhstan in March disclosed

Kazakhstan Materials 6 May 2024 12:38 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, May 6. March 2024 saw 59.3 billion tenge (approximately $133 million) moved overseas from Kazakhstan using international money transfer systems, up 0.6 percent from February (58.9 billion tenge or $132.2 million), Trend reports.

The National Bank of Kazakhstan reported rise in transactions, reaching to 192,400, up 4.1 percent from February 2024 (184,800).

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

Country Number of transactions Share (percent) Amount Share (percent)
Russia 110,720 57.5 $45.2 million 33.8
Türkiye 28,140 14.6 $33.2 million 24.9
Uzbekistan 33,870 17.6 $25.3 million 18.9
Georgia 2,820 1.5 $10.7 million 9
Kyrgyzstan 6,360 3.3 $5.1 million 3.9

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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