Remittance flows to Tajikistan decline

DUSHANBE, February 25, 2015, Asia-Plus — A total volume of remittances sent to Tajikistan last year amounted to 3.9 billion U.S. dollars, which was 8.3 percent fewer than in 2013, according to the National Bank of Tajikistan (NBT). In 2014, 89.1 percent of remittances from Russia to Tajikistan were reportedly sent in Russian rubles (RR), […]

Payrav Chorshanbiyev

DUSHANBE, February 25, 2015, Asia-Plus — A total volume of remittances sent to Tajikistan last year amounted to 3.9 billion U.S. dollars, which was 8.3 percent fewer than in 2013, according to the National Bank of Tajikistan (NBT).

In 2014, 89.1 percent of remittances from Russia to Tajikistan were reportedly sent in Russian rubles (RR), 10.8 percent in U.S. dollars, and only 0.1 percent in euros.

Specialists from Tajik central bank attribute the decline in remittance flows to unprecedented fall in the international oil prices and sanctions imposed by the Western countries on Russia, which is the main destination country for Tajik migrant workers and one of major trading partner so Tajikistan.  

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