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Migrants transfer $2.76 billion to Kyrgyzstan in 2021

In December 2021 migrants transferred $293.3 million to Kyrgyzstan, which is $61 million more than a month earlier. The National Bank provided such data.

In January — December 2021 migrants transferred $2,756.24 billion to the country. This is $379.08 million more than in 2020. More than 97 percent of remittances come from Russia — $2,690.84 billion. At least $12.55 million were transferred to the Kyrgyz Republic from other states and $43.18 million — from the United States.

According to the results of December, there was also an outflow of money — $60.8 million. The main part of the money was transferred to Russia — $58.9 million. The outflow is estimated at $562.77 million in 2021.

The net inflow of remittances to Kyrgyzstan reached $2,193.47 billion in 2021.

At the end of 2020, the volume of remittances to the republic amounted to $2,377.16 billion. At least $488.23 million were transferred from Kyrgyzstan to other countries. The net inflow is $1,888.93 billion.

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