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.