BISHKEK, Kyrgyzstan, June 4. The total number of incoming money transfers in dollars to Kyrgyzstan amounted to 190,600 transactions in the first quarter of 2024, which is 9.2 percent less than in the same period of 2023, Trend reports.
According to the National Bank of Kyrgyzstan, the value increased by 26.6 percent year-on-year, reaching a total of $118.4 million.
The number of outgoing transfers amounted to 72,000 transactions, which is a decrease of 19.2 percent compared to the same period last year. The value amounted to $89.1 million, which is 37.3 percent lower than in the first quarter of 2023.
To note, during the first quarter of 2024, the total number of incoming transfers through international money transfer systems in Kyrgyzstan amounted to 1.553 million transactions, totaling 42.6 billion soms ($485.746 million). Compared to the same period last year, the number of transfers decreased by 7 percent, while the volume increased by seven percent.
The number of outgoing transfers totaled 115,300 transactions, with a total sum of 10.5 billion soms ($119.726 million). Compared to the same period last year, these figures decreased by 29.3 and 33.1 percent, respectively.