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Kazakhstan discloses volume of incoming, outgoing bank transfers

Finance Materials 20 January 2019 09:20 (UTC +04:00)

Baku, Azerbaijan, Jan. 20

By Rashid Shirinov – Trend:

For the first 11 months of 2018, individuals in Kazakhstan made 39.8 million payments and transfers totaling 2.32 trillion tenge, Trend reports referring to the Kazakh media.

The press service of the National Bank said that compared to 2017, the number of transactions increased by 57.1 percent, and the amount in money decreased by 12.8 percent.

Money from Kazakhstan was mostly transferred to Russia, Turkey, the US, Uzbekistan, Switzerland and China. The US dollar accounted for 59.4 percent of the total volume of payments, Russian ruble for 21.5 percent, euro for 12.5 percent, pound sterling for 2 percent, tenge for 1.6 percent and other currencies for 3.1 percent.

At the same time, for the first 11 months of 2018, individuals in Kazakhstan received 1.8 million payments and transfers totaling 637.5 billion tenge. Compared to 2017, the number of transactions increased by 36.7 percent and the amount in money decreased by 23.5 percent.

Most of the money came from Russia, Switzerland, South Korea, the US and Luxembourg. The US dollar accounted for 64.5 percent of the total volume, Russian ruble for 19.7 percent, euro for 7.3 percent, and other currencies for 8.5 percent.

(378.66 KZT = 1 USD on Jan. 20)

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