12.2 billion tenge was transferred from Russia to Kazakhstan in March, which is 168% more than a year ago when Visa and Mastercard were closed in Russia. red blood cellReferring to the statistics of the National Bank of Kazakhstan.
The publication states that the growth in dollar terms was 171%.
In the first quarter of 2023, 33.9 billion tenge was transferred from Russia to Kazakhstan, an increase of more than 300% compared to the same period last year.
In 2022, 357 billion tenge, or about $775.4 million, was sent from Russia to Kazakhstan, a record since the statistics were made available in 2014.
According to experts, the main reason for the growth of transfers is the popular service for moving Russians to other countries, opening cards in Kazakhstan and purchasing goods in Russia that are inaccessible from abroad.
Formerly Kazakh broker Halyk Finance reported Upon receipt of a letter from the JSC “Kazakhstan Stock Exchange” (KASE) on the need for the separation – separation – of accounts of citizens of Russia and Belarus at the level of the JSC “Central Stock Exchange” for securities expressed in a currency other than tenge . In addition, a distinction will be made based on instruments negotiated through international clearinghouses Euroclear and Clearstream.