Money in Kazakhstan: A Tourist Guide to ATMs, Cards and Exchange
This post may contain affiliate links. If you make a purchase using one of these links, I may receive a small reward at no extra cost to you. See my Disclosure Policy for more information.
You’ve come to the right place to learn how to manage money on your trip to Kazakhstan.
Wondering if ATMs in Kazakhstan charge a commission for withdrawals? Actually, no, most don’t! What currency to bring or if you can reliably use your foreign card – yeah, I’ve got you covered!
| Best foreign currency to bring | USD, EUR, RUB |
| Where to exchange? | Banks, exchange bureaus |
| ATMs without a fee | All |
| Can you withdraw USD directly? | No |
| Can you use Revolut, Wise, Monese, etc? | Yes! |
| Cash or card? | Both |
Here are all the nitpicky details about money in Kazakhstan as a tourist!
Currency in Kazakhstan
The currency in Kazakhstan is the Kazakh Tenge with code KZT. In Kazakh using Cyrillic letters, it’s spelled “теңге” and that’s how it’s written on the money.
Fun fact: the Russian word for money “деньги” (pronounced ‘dengi‘) is linguistically related to the tenge.
The Kazakh Tenge has been relatively stable against the US dollar since 2016. Despite that, the Kazakh Tenge is not a strong currency. 100 tenge trade for around 0.2$.
The tenge is technically divided into 100 tiyin. In reality, tiyin coins were withdrawn in February 2001 and subsequently stripped of legal tender status after 2012. Today you may find a tiyin coin on the street in which case – you’re lucky! Keep it as a souvenir!
The tenge coins come in denominations of 1, 2, 5, 10, 20, 50, 100, and 200 KZT.
All that being said, the smaller denomination coins are rarely used because they are worth little. Most often you will come across 100 KZT and 200 KZT coins (0.2 and 0.4 USD).
The most common banknotes in circulation are 500, 1000, 2000, and 5000 KZT.
Can you use you use your card in Kazakhstan?
Yes, you can use your foreign card to pay while in Kazakhstan.
I had no problems paying with my Revolut card in most places in Almaty. Some places, however, wanted to charge me a 2% commission for paying by card, so I politely declined and paid cash – I don’t pay a commission when withdrawing.
Kazakhstan is really living in the future when it comes to payments. Cashless is the name of the game.
Across Kazakhstan, you will see the name Kaspi. Everybody uses the Kaspi app for payments and the Kaspi terminals for online transactions or withdrawing cash.
As a foreigner, you will have a hard time registering to use the Kaspi App but you can deposit cash into the terminals to pay for certain things. For example, I paid for a local tour to the Charryn Canyon by depositing money in a Kaspi Terminal.
Don’t worry though. As a tourist, an international debit card is good enough in Kazakhstan.
Visa, Mastercard, and Maestro are accepted on most POS terminals. American Express cards are rarely accepted.
ATMs in Kazakhstan
There is no shortage of ATMs in the bigger cities of Kazakhstan – Almaty, Astana, Shymkent, etc. They are at every corner and you won’t have to walk long before you stumble upon an ATM.
Kazakhstan is very well connected to the world economy and you can use your foreign card to withdraw money from the ATMs.
The most popular bank with the most ATMs is Kaspi Bank. It’s also the one with all the terminals and the cashless payments app. Yeah, they hold the reins on Kazakhstan’s economic system!
All ATMs will accept Visa and Mastercard. Some ATMs may also accept Maestro cards. Almost no ATMs accept American Express.
The maximum withdrawal amount on most ATMs in Kazakhstan is 100,000 KZT (~224$).
Withdrawal Fees
Even if you aren’t a budget backpacker, I bet that you don’t want to pay unnecessary ATM withdrawal fees.
I’m not talking about the fees you get charged by your bank – those you can avoid by using a FinTech solution like Revolut, Curve, or Monese.
This is about the fees that the ATMs themselves charge.
Thankfully, most ATMs in Kazakhstan do NOT charge a withdrawal fee!
I tried Kaspi, Halyk Bank, and Bereke Bank and they had no withdrawal fees.
If an ATM displays that it will charge you a withdrawal fee, just cancel the transaction and go to a different one.
ATMs that dispense USD
The tenge is relatively stable so demand to withdraw USD directly from an ATM is not high in Kazakhstan.
Thus, few ATMs dispense US dollars.
You may find such next to bigger banks’ offices, but even then they are rare.
If you need USD cash (say to have money for Kyrgyzstan or Uzbekistan), you will need to withdraw KZT and exchange it in a change bureau.
What currency to bring to Kazakhstan
If you’re a fan of bringing cash and not using your card as much, then bring US dollars.
Other currencies that are traded and exchangeable in Kazakhstan (in order of ease of exchange) are:
- Euro
- Russian Rouble
- Chinese Yuan
- British Pounds
- Kyrgyz Som
Some exchange bureaus may offer better rates for higher denomination banknotes. In general, 50 and 100 USD notes are seen as “better” and may yield a slightly higher rate.
Make sure your banknotes are crisp and new. Exchange bureaus abroad are notoriously picky about foreign currency banknotes.
Currency Exchange in Kazakhstan
Currency exchange in Kazakhstan is easy, although unnecessary – just use your card!
But if you carry cash anyway, don’t do it at the airport – it’s always the worst place to exchange cash!
Also, don’t bother buying Kazakh Tenge outside of Kazakhstan – the rates are always best inside the country.
Exchanging at a Bank or an Exchange Bureau
Exchanging money in a bank in Kazakhstan is pretty straightforward and no different than anywhere else in the world.
Mind these points:
- Bring your passport with you
- Your foreign currency banknotes must be clean, crisp, and have no signs of wear or tear
- Most banks’ opening times are 09:00 to 17:00, closed on the weekends
- Avoid exchanging money at the airport because of the bad exchange rate
- There are exchange bureaus at the busiest borders, for example, the Korday Border with Kyrgyzstan or the Zhibek Zholi border with Uzbekistan. If you’re taking a train from Almaty to Tashkent, exchangers come on board and trade Tenge for Som. As you may imagine, the rate is not as good as on solid ground.
Black Market Currency Exchange
There is no black market for currency exchange in Kazakhstan.
There is no need for it.
The Tenge is a publicly traded currency there have been no currency controls in place in the past decade. Moreover, the Tenge has been stable and hasn’t suffered sizable inflation like neighboring Uzbekistan.
Do NOT exchange money on the street or with a shady dealer in one of the open-air bazaars (like the Green Bazaar in Almaty). You are setting yourself up for a scam and best case scenario – poor exchange rate.
Traveler’s Cheques
Does anyone still travel with those? I may be too young to understand but I’ve never even seen one.
Traveler’s cheques are mostly not accepted in Kazakhstan.
How much cash to bring to Kazakhstan?
As with many things in life – it depends. Since using your card to obtain cash in Kazakhstan is pretty easy, you don’t need to bring that much foreign currency inside the country.
My advice is to have at least 200$ just in case something goes wrong with your bank cards and you need emergency cash until you sort it out.
When I went to Kazakhstan I had just a bit more than that stashed away. I didn’t exchange any money as withdrawing with my Revolut Card was free and easy.
On the other hand, if you’re wondering how much money you need to travel to Kazakhstan, you can check out my backpacker’s budget report for Kazakhstan.
Frequently Asked Questions
Let’s answer some of the internet’s (and certainly your) most burning questions about money in Kazakhstan.
What is the ATM withdrawal limit in Kazakhstan?
The maximum withdrawal limit on most ATMs in Kazakhstan is 100,000 KZT (~210$).
Where to exchange money in Kazakhstan?
You can exchange money in various places:
- At the airport just after you arrive. All international airports have change bureaus, although their rates are bad compared to the city;
- At a land border. Look for exchange bureaus just before or just after land borders with neighboring countries;
- At a change bureau in the city (almost certainly the best rates);
- At a bank;
- At a dodgy-looking guy at the corner of a bazaar (just don’t).
Can you use US dollars in Kazakhstan?
You can’t use US dollars to pay for things in Kazakhstan. However, the US dollar is easily exchangeable for local Kazakh Tenge.
Can you use Revolut in Kazakhstan?
Yes, Revolut cards work in Kazakhstan. Both VISA and Mastercard work. Similar fintech apps like Wise, Monese, and Curve also work there.
If you are going to the other Central Asian countries, you may want to read my money guides for them too:
