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Kyrgyzstan sees rise in foreign money transfers

Finance Materials 8 July 2024 23:43 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, July 8. More than $1.17 billion was sent to Kyrgyzstan from abroad through money transfer systems from January through May this year, Trend reports.

According to the National Bank of Kyrgyzstan, this is $24 million, or 2.1 percent more than transfers in the same period last year.

During this period, money was most actively transferred to Kyrgyzstan from Russia in the total amount of $1.09 billion, which is $16 million, or 1.5 percent more than a year earlier.

Furthermore, about $81 million was transferred from non-CIS countries to Kyrgyzstan from January to May this year, which is $21 million, or 36.6 percent more than a year earlier.

By the end of last year, the volume of money transfers to the country amounted to $2.706 billion, which is 12.3 percent, or $380.4 million, less than in 2022. The majority of the money came from CIS countries, totaling $2.550 billion. Specifically, $2.531 billion came from Russia, and $16.7 million came from Kazakhstan.

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