Kazakhstan Deputy Prime Minister and Minister of Finance Yerulan Zhamaubayev said that the authorities of the country do not restrict the banking sector’s work on money transfers in rubles, and that the banks themselves decide how they will work. He said this in an interview TASS.
newspaper used to be vedomosti He wrote that Russian entrepreneurs are faced with the fact that banks in Kazakhstan do not accept payments in rubles.
There is such a thing as KYC (Know your customer in English) – “know your customer” in general. “If the banking industry filters out certain points or others related to enforcement issues, it’s the banks’ own business,” he said.
The official explained that banks have the right to set working criteria.
At the end of May, RBC, based on statistics from the National Bank of Kazakhstan (National Bank) analysts knowledgeableAccording to the results of April, the volume of money transfers from Russia to the republic decreased for the first time in a year. For the second month of spring, this indicator fell 44% year-on-year to 10.2 billion tenge (1.7 billion rubles), the lowest level since April 2022.