According to data from Russia’s central bank, 1.159 billion U.S. dollars have been sent through money transfer system to Tajikistan from Russia over the first six months of this year, which was 89 million U.S. dollars more than in the same period last year.
487 million USD were remitted in the first quarter and 672 million USD were remitted in the second quarter.
In the currency structure the percentage was: Russian ruble – 80 percent; U.S. dollar – 18 percent; and euro – 2.0 percent.
Meanwhile, 2.536 billion U.S. dollars were reportedly sent through money transfer system to Tajikistan from Russia last year, which was 607 million U.S. dollars more than in 2016.
In 2016, 1.929 billion U.S. dollars were sent to Tajikistan from Russia through the money transfer systems, which was 651 million U.S. dollars more than in 2015 (1.278 billion U.S. dollars were sent through money transfer systems to Tajikistan from Russia in 2015).
3.831 billion U.S. dollars were reportedly sent through money transfer systems to Tajikistan from Russia in 2014 and 4.155 billion U.S. dollars in 2013.
Tajikistan is one of the world’s most remittance dependent countries and labor migrants are still a critical component in the economy of Tajikistan. Remittances keep many struggling families at home above the poverty line.
An estimated 1 million Tajik labor migrants are currently working in the Russian Federation, according to some sources.
