Labor migrants from Kyrgyzstan have translated from Russia home $433 million

Photo: Alexander Miridonov / Kommersant

In the first three months of 2017 working in Russia labor migrants from Kyrgyzstan moved back home $433 million, 67% more than in the same period last year

Kyrgyz labor migrants in January, February and March of 2017 brought from Russia $433 million, follows from the statements published on the website of the National Bank of the Republic (.xls) .

For the first quarter of 2016 to Kyrgyzstan from Russia, individuals were transferred $291 million Thus, for the year the amount of remittances increased by 67%.

This is the largest number of remittances from Russia to Kyrgyzstan in all the time, as in the first three months of 2017 the record was broken in January-March 2013, when transferred to Kyrgyzstan $411 million

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The vast majority of remittances to Kyrgyzstan are made from Russia, followed by transfers from foreign countries ($4.3 million) and the United States ($2.6 million).

Also increased the amount of remittances from Kyrgyzstan to Russia in the first quarter of 2016, it was $70 million for the same period in 2017, $85.8 million

TASS, citing data from the Kyrgyz authorities noted that working in Russia are from 500 thousand to 1 million citizens of Kyrgyzstan.

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