Remittances of migrant workers to Ukraine decreased significantly


NBU released data for April.

The volume of private remittances from abroad in April fell by 10.4% in comparison with March, to $826 million, reports the with reference in Word and Deed.

Relevant data on Tuesday, June 23, published by the national Bank.

In General, during January-April foreign currency inflows through private remittances grew by 2.4% over the same period of 2019 to $3733 million.

In addition, monetary transfers to Ukraine as payment for labor in April fell to $857 million compared with $977 million in March.

Assessment of the national Bank, informal remittances from migrant workers amounted to $296 million versus $351 million in March and $480 million in February.

We will remind, the volume of private remittances in Ukraine in 2019 exceeded the previous year’s figures by 8%, totaling 12,017 billion dollars.