Through August, remittances of Ukrainian labor migrants were down by 11% yoy

Through August, remittances of Ukrainian labor migrants were down by 11% yoy, to $7.7 billion, reports the National Bank of Ukraine. In August, Ukrainians sent home $906 million, down from $1 billion a month last year. This year, the transfer channels are: banks – 41%; informal – 35%; and international payment systems – 24%.