Tajikistan takes second place among CIS countries in terms of money transfer

DUSHANBE, March 13, 2013, Asia-Plus  — In 2012, 3.651 billion U.S. dollars were sent through money transfer from Russia to Tajikistan, the Central Bank of Russia has announced. Among the CIS countries, Tajikistan last year took second place in terms of money transfer, and Uzbekistan was in the lead in this area in 2012 as […]

Payrav Chorshanbiyev

DUSHANBE, March 13, 2013, Asia-Plus  — In 2012, 3.651 billion U.S. dollars were sent through money transfer from Russia to Tajikistan, the Central Bank of Russia has announced.

Among the CIS countries, Tajikistan last year took second place in terms of money transfer, and Uzbekistan was in the lead in this area in 2012 as 5.563 billion U.S. dollars were sent there from Russia in 2012.

According to the Central Bank of Russia, Ukraine took third place in terms of money transfer from Russia last year.  3.12 billion U.S. dollars were sent to Ukraine from Russia in 2012.

Meanwhile, according to the data of the Ministry of Finance (MoF) of Tajikistan, physical entities last year remitted some 3.8 billion U.S. dollars to banks in Tajikistan.

Labor migrants remain a critical component in the economy of Tajikistan and remittances keep many families in the country above the poverty line.

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