During the first quarter, remittances were up 7% y-o-y to almost $3 billion

During the first quarter, remittances were up 7% y-o-y to almost $3 billion, reports the central bank. In mid-March, the government encouraged Ukrainians working abroad to come home, warning that Ukraine’s borders were closing. Ukrainians send into Ukraine almost 20 times the volume of money they send out — $154 million in Q1, the bank reports on its Facebook page.