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Migrants transfer $2.2 billion to Kyrgyzstan for 10 months

In October 2021, migrants transferred $252.3 million to Kyrgyzstan that is $ 43.2 million less than a month earlier. The National Bank of Kyrgyzstan provided such data.

In total, migrants transferred $ 2,284.6 billion to the country for 10 months. This is $ 359.7 million more than in 2020. Russia accounts for more than 97 percent of remittances — $2,229.6 billion. At least $ 10.77 million was transferred to the Kyrgyz Republic from other states, and from the United States — $36.25 million.

As a result of October, an outflow of funds in the amount of $52.6 million was also registered. The bulk of the money was transferred to Russia — $50.6 million. For 10 months, the outflow is estimated at $443.03 million.

The net inflow of remittances in January-October 2021 to Kyrgyzstan amounted to $1,841.6 billion.

According to the results of last year, money transfers to the republic amounted to $2,377.16 billion. At least $488.23 million were transferred from the Kyrgyz Republic to other countries. Net inflow is $1,888.93 billion.

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