Economy 2024-06-15T04:45:04+03:00
Ukrainian news
Volume of private money remittances down 5.8% to USD 939 million in July

Volume of private money remittances down 5.8% to USD 939 million in July

private money transfers, private money remittances, volume of private money remittances, NBU data

In July, the volume of private money remittances decreased by 5.8% and amounted to USD 939 million.

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

Wages received by Ukrainians from abroad increased by 2.9%, while other private remittances received through official channels decreased by 22.0%.

In total, 11.2% fewer remittances were sent through official channels than in July last year, while the flow through informal channels was at the level of the last year (increased by 0.9%).

In total, from January to July 2023, the volume of remittances decreased by 10.2%, including: net wages - by 9.0%, private remittances - by 12.9%.

As Ukrainian News Agency earlier reported, in June, the volume of private money remittances decreased by 14.6% and amounted to USD 917 million.

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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