Remittances to Kazakhstan

Money transferred to Kazakhstan during 1H2018 amounted to 147.5 billion tenge. This is 10.5 % more than for the same period of 2017. The annual growth rate is decreasing. In 1H2016 year-to-year growth was 2.2 times, in 1H2017 by 20.4 percent.

Most of the money inflow came from Russia - 71.2 billion tenge, which is 7.5 percent less than in 1H2017. Russia's share has fallen from 57.7 percent to 48.3 percent.

Most of the transfers to Kazakhstan were made through the Zolotaya Korona money transfer system - 73 billion tenge, which is 15.1 % more than 2017. The share of the system increased from 47.5 percent to 49.5 percent.

Western Union is in second place with 35.6 billion tenge, an increase of 25.8 %. The share has grown from 21.2 % to 24.2 %.

The third top money transfer system is MoneyGram. Some 11.7 billion tenge has been sent through MoneyGram, which is 95.3 % more than in 2017. The share has increased from 4.5 % to 8 %.

( $1 = 360.12 tenge, on Aug. 20)