Sanctions On Russia Already Hitting Remittance-Dependent Kyrgyzstan: Remittances plunge by $963 million in 2023
Central Asia
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Money transfers of physical persons from Russia to Kyrgyzstan plunged by $963.2 million or 37% in January-November 2023, according to the National Bank of Kyrgyzstan.
Physical persons remitted $1.64 billion from Russia in 11 months.
Physical persons remitted $1.4 billion from abroad for 11 months. Remittances in January-November 2022 comprised $1.7 billion.
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