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Kazakhstan sees increase in inbound remittances via IMTS in Mar. 2026

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Kazakhstan Materials 16 May 2026 04:00 (UTC +04:00)

Kazakhstan sees increase in inbound remittances via IMTS in Mar. 2026

Photo: National Bank of Kazakhstan

Madina Usmanova

ASTANA, Kazakhstan, May 16. In March 2026, Kazakhstan received a total of 46,180 inbound money transfers through international money transfer systems (IMTS), reflecting a 13% increase compared to the 40,870 transactions recorded in February.

Data obtained by Trend from the National Bank of Kazakhstan shows that the total value of transfers received from abroad reached 16.016 billion tenge ($34.72 million), representing a 3.9% increase from the 15.422 billion tenge ($33.43 million) processed in February.

In terms of the value of money received by Kazakhstan, the leading countries in March were: Russia with 22% share, the U.S. with 17.6% share, Tükiye with 13.8% share, Uzbekistan with 10.7% share, and Germany 8% share.

Other significant countries contributing to the total value of transfers included South Korea, which accounted for 4.7%, Georgia at 3.6%, Kyrgyzstan at 3.6%, Azerbaijan at 1.4%, and France at 1.2%.

The main portion of these inbound transfers was conducted in US dollars, which accounted for 43.7% of the total number of transactions and 57.6% of the total value. Kazakhstan's national currency, the tenge, followed with 27.4% and 20.7%, respectively.

The currency conversions are based on the official exchange rate of 1 USD = 461.26 tenge, as of May 11, 2026.

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