BAKU, Azerbaijan, October 30. The total value
of money transfers sent from Germany to Kazakhstan via
international money transfer systems (IMTS) increased by 1.92% in
August 2026 compared to July.
This is according to Trend’s calculations based on data from the National
Bank of Kazakhstan (NBK).
A total of 5,760 transfers were sent from Germany to Kazakhstan
in August, compared with 5,830 in July, representing a 1.20%
decrease. The total value of these transfers rose to 1.209 billion
tenge ($2.68 million), from 1.187 billion tenge ($2.63 million) in
July.
Transfers from Germany accounted for 10% of the total value of
international money transfers received in Kazakhstan in August, up
from 7.4% in July.
In August 2026, Kazakhstan received a total of 31,420 inbound
transfers from abroad via IMTS. The number of transfers decreased
by 18.6%, while their total value declined by 23.8% compared to
July. The total value of inbound transfers amounted to 12.152
billion tenge ($26.96 million).
"The main share of inbound transfers from abroad via IMTS was
conducted in US dollars (accounting for 65.3% of the total number
and 81.7% of the total volume of received transfers) and in Kazakh
tenge (15.5% and 7.2%, respectively)," the bank’s report
states.
Currency conversions are based on the National Bank of
Kazakhstan exchange rate: $1 = 450.69 tenge.
