ASTANA, Kazakhstan, July 13. Among the money transfers received in Kazakhstan in May 2025 through the SMDP (System of Money Transfers and Payments), the largest share was accounted for by US dollars, Trend reports.
According to the National Bank of Kazakhstan, 44.7 percent of all transactions were conducted in US currency, accounting for 57.3 percent of the total volume of transfers.
Currency structure of received transfers (by volume):
US Dollars (USD) – 57.3 percent;
Kazakhstan Tenge (KZT) – 19.7 percent;
Russian Ruble (RUB) – 9.9 percent;
Euro (EUR) – 0.3 percent.
By number of transactions:
USD – 44.7 percent;
KZT – 26.0 percent;
RUB – 18.5 percent;
EUR – 0.2 percent.
This framework elucidates the persistent hegemonic status of the
dollar as the principal medium for global monetary transactions.
This phenomenon could be intricately linked to the proclivities of
both transmitters and receivers, as well as the dollar's resilience
in the face of external economic volatility.
The data indicates a consistent volume of transactions denominated
in tenge, potentially signaling an increasing propensity for
utilizing the national currency in domestic exchanges, alongside
strategic initiatives aimed at de-dollarizing the economic
landscape.
