In May, the volume of private money remittances decreased by 10.6% and amounted to USD 929 million.
This is evidenced by NBU data, Ukrainian News Agency reports.
Wages received by Ukrainians from abroad increased by 4.4%, while other private remittances received through official channels decreased by 26.4%.
In total, 13.3% fewer remittances were sent through official channels than last May, while the flow through informal channels decreased by 7.0% compared to May last year.
In total, from January to May 2023, the volume of remittances decreased by 11.9%, including: net wages - by 11.2%, private remittances - by 13.3%.
As Ukrainian News Agency earlier reported, in 2021, the volume of money remittances to Ukraine increased by 25.4% to USD 15.026 billion compared to 2020.
In 2020, the volume of remittances increased by 1.7% to a record USD 12.1 billion.
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