Remittances from Russia to Tajikistan decreased by almost 40%

9 months ago Web Desk 0

In the first half of 2019, over $ 1 billion 111 million were transferred from Russia to Tajikistan.

 

The volume of remittances from Russia to Tajikistan in the first half of this year decreased by almost 40%. According to the Central Bank of Russia, in January-June, individuals transferred $ 681 million from Russia to Tajikistan, which is $ 430 million less than in the same period last year.

 

In the first half of 2019, over $ 1 billion 111 million were transferred from Russia to Tajikistan.

 

Earlier, the leadership of the National Bank of Tajikistan at a press conference reported that the volume of remittances to Tajikistan in the first half of the year amounted to $ 999 million, which is almost 15% less than in January-June last year.

 

Decrease in remittances linked to decreased migration.

 

The outflow of Tajik citizens to labor migration in the first half of this year, according to the Ministry of Labor of the Republic of Tajikistan due to the coronavirus pandemic, decreased by 57%.

 

According to unconfirmed reports, more than 1 million citizens of nine million Tajikistan live and work in Russia.

 

Source: Asia Plus