The volume of private remittances in May decreased by 8.2% and amounted to USD 0.9 billion.
This follows from a statement by the National Bank of Ukraine (NBU), the Ukrainian News agency reports.
Wages received by Ukrainians from abroad decreased by 19.8%, while other private remittances received through official channels increased by 7.1%.
In general, transfers through official channels were 6.9% less than in May last year, while the flow through informal channels decreased by 9.6% compared to May last year.
In total, from January to May 2024, the volume of remittances decreased by 7.9%: net wages decreased by 17.9%, while private transfers increased by 14.6%.
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 USD 12.1 billion.
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