With Ukraine’s borders closed during the April-May peak of the lockdown, cross-border money flows via banks actually increased by 13% yoy, Alfa-Bank Ukraine reports, citing Central Bank data. Similarly, money transfers via international payment services also were up, by 3%. Closed borders prevented people from sending money home through friends and family, making for an overall drop of 17% for those two months.
With Ukraine’s borders closed during the April-May peak of the lockdown, cross-border money flows via banks actually increased by 13% yoy
