NBU expects increased remittance flow from Ukrainians working in EU, U.S.

The National Bank of Ukraine (NBU) expects a 2.8% growth in remittances in 2017 due to an increase in the number of Ukrainians working in the European Union and the United States, according to the NBU's inflation report for April.

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According to the estimates of the regulator, Russia's ban on money transfers to Ukraine via international payment systems will not have a significant impact on their inflow, since most such transfers will be reoriented through the banking system, third country payment systems, and the informal cash transfer channels.

The National Bank also laid in its forecast the repatriation of dividends accrued to foreign investors for 2014 - 2016, which will be evenly distributed over time.

At the same time, the regulator expects a certain decrease in payments on interest payments due to a reduction in the share of the private sector in external debt, whose interest rates are higher than for public sector obligations.

Read alsoNBU strengthens official exchange rate to UAH 26.73 to dollarAs UNIAN reported earlier, the volume of money transfers into Ukraine with the use of international payment systems in 2016 was seven times that of the outflow.

Almost $2.49 billion was transferred into Ukraine, with only $352 million withdrawn.

In 2016, there were 39 payment systems providing services to Ukrainians. 25 of them were established by residents and another 14 – by non-residents.

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