The volume of private remittances in March decreased by 16.5% and amounted to USD 0.9 billion.
This follows from the National Bank of Ukraine (NBU) data, the Ukrainian News Agency reports.
Wages received by Ukrainians from abroad decreased by 22.3%, while other private remittances received through official channels decreased by 12.0%.
In total, formal channels sent 16.9% less remittances than in March last year, while the flow through informal channels decreased by 16.0% compared to March last year.
In total, in the first three months of 2024, the volume of remittances decreased by 8.7%: net wages decreased by 20.3%, while private transfers increased by 19.2%.
As the Ukrainian News agency earlier reported, the volume of private remittances in 2023 decreased by 7.8% compared to 2022 and amounted to USD 11.6 billion.
In 2021, the volume of remittances to Ukraine increased by 25.4% year over year to USD 15.026 billion.
In 2020, the volume of remittances increased by 1.7% to a record-breaking USD 12.1 billion.
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