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Money transfers to Kyrgyzstan through Russian Zolotaya Korona system decline

Kyrgyzstan Materials 13 December 2023 13:10 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, December 13. Kyrgyzstan registered a total of 442,700 incoming money transfers through the Russian Zolotaya Korona money transfer system from January through September 2023, which is a decrease of six times compared to the same period in 2022 (2.723 million transfers), Trend reports.

Data from the National Bank of Kyrgyzstan shows that the overall value of incoming transfers amounted to 14.524 billion soms ($162 million).

Outgoing transfers through Zolotaya Korona totaled 98,600 transactions during nine months, marking a 48-percent decline compared to the 190,100 transactions in the same period in 2022. The total amount transferred during the first three quarters of the current year summed up to 7.728 billion soms ($86 million).

Throughout the third quarter of this year, Kyrgyzstan received 43.950 billion soms ($492 million) via various money transfer systems. Notably, Zolotaya Korona, Astrasend, and Unistream were the primary systems for incoming payments to Kyrgyzstan.

Regarding outgoing payments through money transfer systems, transactions amounted to a total of 12.319 billion soms ($137 million) from January to September 2023.

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