Money Transfers In and Out of Kazakhstan Drop to Multi-Year Lows

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