BAKU, Azerbaijan, August 3.
The volume of money transfers to Kyrgyzstan amounted to $174
million in May 2023, Trend reports.
According to the country’s National Bank, the figure is 11.5
percent higher than in April 2023, when it stood at $156
million.
The inflow of remittances to Kyrgyzstan totaled $798 million
from January through May 2023, which is 20 percent less than in the
same period of 2022 ($1 billion).
The main share of remittances came from Russia – $722.7 million,
and a total of $15.1 million was sent to Kyrgyzstan from
Kazakhstan.
The volume of money transfers from other foreign countries,
excluding the member states of CIS (the Commonwealth of Independent
States), reached $59.1 million from January through May 2023.
Meanwhile, last year, the total volume of remittances to the
country amounted to $2.928 billion. An amount of $1.2 billion was
transferred from Kyrgyzstan to other countries, resulting in a net
inflow of $1.727 billion.
