Kazakhstan net dollar purchases double to 126.5 bln tenge in June
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Net purchases of U.S. dollars by Kazakh citizens through exchange offices reach 126.5 billion tenge in June, nearly doubling from May’s 65.3 billion tenge, the National Bank reports. Euro net sales also rise to 25.7 billion tenge from 11.6 billion tenge. The central bank attributes the surge to the start of the summer holiday season.
June Dollar Purchases
Net purchases of cash U.S. dollars reached 126.5 billion tenge in June, nearly double the 65.3 billion tenge recorded in May, according to the National Bank of Kazakhstan. Euro net sales also jumped to 25.7 billion tenge from 11.6 billion tenge. The central bank attributed the increase primarily to the start of the summer holiday season, which typically boosts demand for foreign currency for travel.
Regional Distribution
Almost half of all net dollar purchases took place in Almaty, which accounted for 58.3 billion tenge. Shymkent followed with 27.2 billion tenge, while Atyrau, Mangystau, and Aktobe regions saw net purchases of 8.6 billion, 8.3 billion, and 5.9 billion tenge respectively. In contrast, residents in East Kazakhstan, Almaty region, and Abai region were net sellers of dollars during the month.
Historical Comparison
June’s figure was the second highest this year, behind only January’s record 150.3 billion tenge in net dollar purchases. The January spike was driven by tenge weakening in 2025 and subsequent buying of cheaper dollars, whereas the June surge reflects seasonal demand. As of August 3, exchange rates in Astana, Almaty, and Shymkent averaged 476, 475.7, and 475.8 tenge per dollar respectively.
What's Next
The National Bank is expected to monitor currency demand as the holiday season continues through August. Whether the tenge’s exchange rate will face additional pressure from sustained retail demand remains uncertain.
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Kazakhstan net dollar purchases double to 126.5 bln tenge in June
