• 18/06/2024 18:40

Remittances to Ukraine continue to fall

Private remittances to Ukraine in January-March 2024 amounted to $2.63 billion, which is $250 million or 9% less than in the same period in 2023. This is evidenced by preliminary data from the National Bank.

Remittances prices continue to fall in Ukraine

Read the Ministry of Finance on Instagram: the main news about investments and finance

In particular, in March, remittances to Ukraine decreased to $0.87 billion, although in March last year they exceeded $1 billion.

At the same time, transfers from abroad to wages in March fell to $0.81 billion, which is 25% less than in March 2023 ($1.08 billion). After deducting expenses and taxes of migrants in the host country, net wages amounted to $0.54 billion.

At the same time, other private transfers remained at the level of March 2023 and amounted to $0.33 billion.

Ukraine received transfers worth $0.46 billion through official channels in March, and $0.41 billion through informal channels.


Leave a Reply

Your email address will not be published. Required fields are marked *