Money Transfers In and Out of Kazakhstan Drop to Multi-Year Lows
Photo: Olga Ibraeva / Orda.kz
The National Bank of Kazakhstan has reported a sharp decline in both incoming and outgoing money transfers, Orda.kz writes.
DataHub analysts note that transfers through international money transfer systems (IMTS) in Kazakhstan have been falling rapidly. In the first half of 2025, inflows totaled 105.4 billion tenge — 12% less than during the same period in 2024. Even without adjusting for inflation, this is the lowest figure since 2016; in real terms, it is the weakest since 2014.
Outgoing transfers show a similar trend. Kazakhstanis sent 321.2 billion tenge abroad, down 16% year-on-year. This is the lowest level in five years, and when adjusted for inflation, in a decade.
According to the National Bank, the top destinations for transfers from Kazakhstan remain Russia (101.9 billion tenge), Uzbekistan (95.4 billion), and Türkiye (58.6 billion). The leading sources of transfers into Kazakhstan are Russia (25.3 billion), the United States (15.8 billion), and Uzbekistan (10.8 billion).
Original Author: Ruslan Loginov
Latest news
- Suspect In Serial Fraud Case Extradited To Kazakhstan From Russia
- The National Bank Will Be Less Likely To Inform Kazakhstanis About Inflation
- Kazakhstan Extends Toll Road Payment Deadline
- Kazakhstan’s Industry Fell 3.1% In January–February Despite February Growth
- From Utilities to Security, Kazakhstan Approves New Smart Cities Methodology
- Tokayev Announced A Criminal And Administrative Amnesty Following The Adoption Of The New Constitution
- Tokayev Signed A Decree On The Implementation Of The New Constitution
- Casinos for Foreigners Only to Open in Kazakhstan
- Analysts Record a Sharp Surge in Immigration From China to Kazakhstan
- Baikonur Prepares To Launch Progress MS-33 Cargo Mission To The ISS
- Kazakhstani Scientists Are Preparing a Cancer-Prevention Supplement From Tomatoes and Watermelons
- Garbage Fines Now Fall Under Akimats: What the Changes Mean and What Risks Citizens Face
- CEC Announces Final Results Of Constitution Referendum
- Applications Begin For Bolashak And Scientific Internships In Kazakhstan
- Road Construction Violations Worth Hundreds of Billions of Tenge Uncovered in Kazakhstan
- Winter Paralympics End In Italy As Cortina Hosts Closing Ceremony
- CEC Announces Preliminary Results Of Vote On New Constitution
- Gasoline Has Risen In Price Again In Kazakhstan
- New Constitution Day And Parliamentary Elections: Tokayev’s Key Statements
- Nazarbayev Confirms Support For Tokayev And The New Constitution
