The total volume of cross-border money transfers from individuals to Kyrgyzstan reached $2.55bn by the end of 2024, reflecting a slight increase from $2.51bn in 2023, according to 24.kg citing the National Bank of Kyrgyzstan.
The majority of incoming remittances—$2.36bn—came from CIS countries, with Russia being the leading contributor at $2.32bn.
Transfers from non-CIS countries amounted to $189.7mn, with the largest contributions originating from the United States ($54.9mn), South Korea ($60.1mn), and Turkey ($17.5mn).
On the other hand, the total volume of money transfers sent abroad from Kyrgyzstan in 2024 reached $1.21bn, an increase compared to $1.15bn in 2023.
The largest share of these outflows was directed to Russia, receiving $940.5mn. Other notable destinations for Kyrgyzstan’s money transfers included Kazakhstan ($6.9mn), South Korea ($9.7mn), and Turkey ($8.2mn).
Uzbekistan's cross-border money transfers rise 30% y/y to $14.8bn in 2024
— Daryo | Central Asia & Afghanistan (@DaryoEng) January 21, 2025
Russia continued to be the leading source of remittances, contributing 77% of the total at $11.5bn, followed by Kazakhstan with $795mn and the United States at $577mn.
👉 Details —… pic.twitter.com/tW3GPtGhZW
Earlier, it was reported that Uzbekistan also saw a rise in cross-border money transfers, with a total of $14.8bn in 2024, a 30% y/y increase. The largest influx occurred in July, when transfers hit $1.78bn, reflecting a 66% increase from the previous year.
Russia remained the dominant source of remittances to Uzbekistan, contributing 77% of the total, or $11.5bn. Kazakhstan and the United States followed with $795mn and $577mn.
Transfers from non-CIS countries saw substantial growth, with remittances from the UK surging 83% to $135mn, while payments from South Korea increased by 56%, reaching $534mn.
Transfers from EU countries also grew by 32%, totaling $410mn.
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