BISHKEK, Kyrgyzstan, March 19. The amount of money flowing into Kyrgyzstan from individuals through international money transfer systems totaled $259 million in January 2024, Trend reports.
According to the National Bank of the country, this is 55.6 percent, or $92.6 million, more than in January 2023 ($166.4 million). Compared to December 2023, the figure increased by 0.08 percent or $200,000.
The majority of money transfers are from countries of the Commonwealth of Independent States (CIS) — $244.6 million. Out of this, $244.1 million is from Russia and $200,000 is from Kazakhstan.
From non-CIS countries, $14.5 million was transferred to Kyrgyzstan, with $5.2 million coming from the US.
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.