2022-10-04T19:43:00+03:00 Economy 2023-09-15T04:48:48+03:00

Ukrainian news

Ukrainian news

Volume Of Private Remittances Up 2.5% To USD 1.2 Billion In August

Volume Of Private Remittances Up 2.5% To USD 1.2 Billion In August

In August, the volume of private money remittances increased by 2.5% (compared to the same period last year) and amounted to USD 1.2 billion.

This is evidenced by the NBU data, Ukrainian News Agency reports.

"Private remittances increased 2.5% in August to USD 1.2 billion. Wages received by Ukrainians from abroad decreased by 11.7%, other private transfers received through official channels decreased by 20.6%," the NBU reports.

In total, 16.4% less transfers were sent through official channels than in August last year, while the flow through informal channels increased by 30.8% year over year.

Over the eight months of this year, the volume of money transfers decreased by 4.2%, including net wages - by 1.5%, private transfers - by 9.8%.

As Ukrainian News Agency reported, in 2021, the volume of remittances to Ukraine increased by 25.4% to USD 15.026 billion compared to 2020 (USD 11.980 billion).

In 2020, remittances grew by 1.7% to a record-breaking USD 12.1 billion.