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.

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