August Remittances to Kyrgyzstan Reach $293.8 Million
Remittances to Kyrgyzstan Reach $293.8 Million in August 2024
Bishkek – The National Bank of Kyrgyzstan has reported that the volume of remittances to the country in August 2024 amounted to $293.8 million. The main flow of remittances came from the CIS countries, totaling $276.7 million, while $17.1 million came from non-CIS countries.
As of the end of August, the volume of remittances from the Kyrgyz Republic reached $36 million. Of this amount, $29.9 million was sent to CIS countries, and $6.2 million to non-CIS countries.
It is worth noting that in the first seven months of 2024, more than $1.5 billion was transferred from Russia to Kyrgyzstan. This highlights the significant contribution of remittances to the Kyrgyz economy and the importance of these funds for many families in the country.
Overall, remittances play a crucial role in supporting households and contributing to economic growth in Kyrgyzstan. The consistent flow of funds from both CIS and non-CIS countries demonstrates the strong ties that Kyrgyz migrants hold with their home country, and the continued support they provide to their families and communities.
