CASH AND CASH EQUIVALENTS

3 Months Ended

Jun. 30, 2023

Cash and Cash Equivalents [Abstract]

As of June 30, 2023, and March 31, 2023, cash and cash equivalents consisted of the following:


	June 30, 2023		March 31, 2023

Short term deposits in National Bank (Kazakhstan)	$	275,196	$	357,454
Short term deposits in commercial banks	128,465		83,755
Securities purchased under reverse repurchase agreements	97,426		29,812
Petty cash in bank vault and on hand	37,430		35,998
Overnight deposits	22,853		1,926
Short term deposits in stock exchanges	21,695		31,691
Short term deposits on brokerage accounts	11,431		37,417
Cash in transit	3,030		3,364
Bank deposits	104		—

Allowance for Cash and cash equivalents	$	(266)	$	—

Total cash and cash equivalents	$	597,364	$	581,417

As of June 30, 2023, and March 31, 2023, cash and cash equivalents were not insured. As of June 30, 2023, and March 31, 2023, the cash and cash equivalents balance included short-term collateralized securities received under reverse repurchase agreements on the terms presented below:


	June 30, 2023
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		30-90 days		Total
Securities purchased under reverse repurchase agreements
Non-US sovereign debt	15.90	%	$	46,085	$	—	$	46,085
US sovereign debt	1.74	%	31,278		86		31,364
Corporate equity	17.82	%	17,796		—		17,796
Corporate debt	2.05	%	2,181		—		2,181
Total			$	97,340	$	86	$	97,426


	March 31, 2023
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		30-90 days		Total
Securities purchased under reverse repurchase agreements
US sovereign debt	2.06	%	$	17,102	$	—	$	17,102
Corporate equity	17.17	%	6,963		—		6,963
Non-US sovereign debt	6.12	%	3,483		—		3,483
Corporate debt	2.52	%	2,079		185		2,264
Total			$	29,627	$	185	$	29,812

The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of June 30, 2023, and March 31, 2023, was $97,260 and $31,165, respectively.

As of June 30, 2023 and March 31, 2023, securities purchased under reverse repurchase agreements included accrued interest in the amount of $12 and $11, with a weighted average maturity of 5 days and 9 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.