CASH AND CASH EQUIVALENTS

6 Months Ended

Sep. 30, 2023

Cash and Cash Equivalents [Abstract]

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


	September 30, 2023		March 31, 2023

Short term deposits in National Bank (Kazakhstan)	$	201,718	$	357,454
Cash in commercial banks	94,274		83,755
Securities purchased under reverse repurchase agreements	72,112		29,812
Petty cash in bank vault and on hand	44,362		35,998
Short term deposits in stock exchanges	27,119		31,691
Short term deposits on brokerage accounts	18,999		37,417
Cash in transit	4,013		3,364
Overnight deposits	1,597		1,926

Allowance for Cash and cash equivalents	$	(319)	$	—

Total cash and cash equivalents	$	463,875	$	581,417

As of September 30, 2023, and March 31, 2023, cash and cash equivalents were not insured. As of September 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:


	September 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
Corporate equity	17.35	%	$	42,403	$	—	$	42,403
US sovereign debt	4.52	%	21,963		—		21,963
Corporate debt	2.50	%	7,210		—		7,210
Non-US sovereign debt	15.50	%	536		—		536
Total			$	72,112	$	—	$	72,112


	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 September 30, 2023, and March 31, 2023, was $72,160 and $31,165, respectively.

As of September 30, 2023 and March 31, 2023, securities purchased under reverse repurchase agreements included accrued interest in the amount of $38 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.