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Migrants transfer $ 550 million to Kyrgyzstan since beginning of 2018

In January-April 2018, the net inflow of remittances to Kyrgyzstan amounted to $ 550 million. The Chairman of the National Bank Tolkunbek Abdygulov told journalists.

According to him, compared to the same period in 2017, the indicator grew by 11 percent. At the same time, more than 90 percent of the funds have been traditionally transferred to the republic from Russia. In just a month, the volume of transfers to the country grew by $ 54 million.

In 2017, labor migrants have transferred $ 2,482.2 billion to Kyrgyzstan. At the same time, the Asian Development Bank predicts that by the end of 2018 the inflow of remittances to Kyrgyzstan will grow by 20 percent.