2023-04-07T11:05:00+03:00 Politics 2024-09-15T05:39:01+03:00

Ukrainian news

Volume of private remittances down 16.6% to USD 978 million in February

Volume of private remittances down 16.6% to USD 978 million in February

In February, the volume of private remittances decreased by 16.6% and amounted to USD 978 million.

This follows from a statement by the National Bank, the Ukrainian News agency reports.

The volume of private remittances decreased by 16.6% and amounted to USD 978 million.

Wages received by Ukrainians from abroad decreased by 21.1%, and other private transfers received through official channels decreased by 36%.

In total, 29.6% fewer remittances were sent through official channels than in February last year, while the flow through informal channels increased by 1.2% compared to February last year.

In total, in January-February of this year, the volume of remittances decreased by 15.5%, including net wages - by 12.3%, and private transfers - by 22.4%.

As the Ukrainian News agency earlier reported, in 2021, the volume of money transfers 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.