The inflow of labor migrant’s foreign currency to Ukraine is decreasing.

Friday, September 2, 2022
The inflow of labor migrant’s foreign currency to Ukraine is decreasing.

The volume of private transfers to Ukraine from abroad in July 2022 amounted to $1.16B. According to NBU data, this is 1.2% less than in the $1.18B in the previous year’s corresponding period. In the seven months of the current year, Ukraine received $7.61B, 5.7% less than the figure for the same period in 2021, $8.1B. As a reminder, labor migrants transferred a record amount of $15.026B to Ukraine last year. This exceeded 2020’s figure, $11.980B by more than 25%. In July 2022, the National Bank lowered their forecast for the volume of private transfers to Ukraine by the end of the year from $16.2B to $12.6B.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
August’s demand for new cars in Ukraine fell by 20%.

August’s demand for new cars in Ukraine fell by 20%.

Next post
A new gas well was christened in Western Ukraine.

A new gas well was christened in Western Ukraine.

Previous Main Topics