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Inflow of remittances to Kyrgyzstan decreases by $46.6 million over month

In July 2022, migrants transferred $270.6 million to Kyrgyzstan, which is $46.6 million less than a month earlier. The National Bank provided such data.

In total, in January-July, compatriots transferred $1,618.06 billion to the country. This is $123.32 million more than in 2021. Russia accounts for more than 97 percent of remittances — $1,543.1 billion. At least $33.84 million was transferred to the Kyrgyz Republic from other states, and $32.21 million — from the USA.

According to the results of July, there was also an outflow of funds of $ 113.8 million. The main part of the money was transferred to Russia — $109.6 million. The outflow for seven months is estimated at $475.47 million.

The net inflow of remittances to Kyrgyzstan in January-June reached $1,142.59 billion.

Last year, the volume of money transfers to the republic was $2,756.24 billion. At least $562.77 million was transferred from the Kyrgyz Republic to other countries. Net inflow reached $2,193.47 billion.

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