Bolstering retail sales, money transfers into Ukraine during the first half of the year were nine times greater than transfers out of the country, reports the National Bank of Ukraine. Through June, $1.2 billion came in through 35 money transfer systems, compared to $140 that was sent out. The top sources of money sent into Ukraine were: USA – 15%; Israel – 13%; Russia – 10%; Italy – 8%; and Poland – 7%. From the two neighboring countries, Poland and Russia, migrant workers hand carry home at least twice the official transfer amounts. The top destinations for outgoing money transfers were: Russia – 38%; Georgia – 9%; China – 6%; Azerbaijan – 5%; and Uzbekistan – 4%.
Bolstering retail sales, money transfers into Ukraine during the first half of the year were nine times greater than transfers out of the country
