Economy 2021-11-15T06:41:02+02:00
Ukrainian news
Volume Of Remittances Down 4.4% To USD 2.4 Billion, From Ukraine Down 18.8% To USD 268 Million In 2017

Volume Of Remittances Down 4.4% To USD 2.4 Billion, From Ukraine Down 18.8% To USD 268 Million In 2017

Ukraine, NBU, money, remittances, volume

In 2017, the volume of remittances to Ukraine by the money transfer systems created by residents and non-residents decreased by 4.4% to USD 2.378 billion (USD 2.488 billion in 2016) and the volume of remittances from Ukraine decreased by 18.8% to USD 286 million (USD 352 million in 2016).

The press service of the National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.

In 2017, 36 systems for transferring money were providing services in Ukraine, of which 29 systems created by residents and 7 systems created by non-residents.

Totaly for 2017, with the help of systems created both by residents and non-residents USD 286 million was transferred from Ukraine, USD 2,378 million to Ukraine, and USD 4,456 million within Ukraine.

In 2017, there were seven money transfer systems created by non-residents operated in Ukraine, including three systems created by non-residents from the United States, one from Georgia, one from the United Kingdom, one from Canada, and one from Azerbaijan.

Ukraine remained recipient country of cross-boundary transfers.

Most of money transfers were from the Russian Federation, the United States, Israel, Italy, and Poland.

As Ukrainian News Agency earlier reported, in 2016, USD 2,488 million was transferred into and USD 352 million from Ukraine via remittance system created by non-/residents.

Besides, USD 3,671 million was transferred within Ukraine.

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