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Money transfers from Kyrgyzstan to Türkiye decrease

Kyrgyzstan Materials 10 January 2023 14:04 (UTC +04:00)
Money transfers from Kyrgyzstan to Türkiye decrease
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, January 10. Money transfers from Kyrgyzstan to Türkiye decreased in November 2022, Trend reports with reference to the National Bank of Kyrgyzstan.

According to the bank, remittance flows from Kyrgyzstan to Türkiye amounted to $48.6 million in November 2022, which is a decrease of 15.1 percent compared to October 2022 ($57.3 million).

During the reporting month, Türkiye ranked 2-nd in terms of money transfers from Kyrgyzstan, whilst Russia ranked 1st - ($84.7 million).

At the same time, money transfers from Türkiye to Kyrgyzstan totaled $2.6 million in November last year, which is an increase of 44.4 percent compared to October 2022 ($1.8 million).

Overall, the total amount of money sent from Kyrgyzstan amounted to $142.8 million in November 2022.

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