Money flow from Ukrainian migrant workers halves to $2.5 bln

The volume of cash flows into Ukraine from abroad using funds transfer systems created by residents and non-residents amounted to $2.526 billion in 2015, which is 34.9% less than in 2014, according to the official website of the National Bank of Ukraine.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

"Ukraine remains a country-recipient of cross-border transfers. In 2015, the amount of funds received by Ukraine using international funds transfer systems created by non-residents was six times higher than the amount of funds sent outside its territory," the report says.

The data show that in 2015, the citizens transferred from Ukraine only $431 million. The amount of transfers within Ukraine amounted to UAH 75.466 billion.

Read alsoNBU decides to ease part of forex restrictionsIt is also reported that in 2015, a total of 47 remittance systems operated in Ukraine, including 28 created by residents and 19 created by non-residents.

As UNIAN reported earlier, the volume of cash flows into Ukraine from abroad using funds transfer systems amounted to $3.885 billion in 2014.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!