Remittances to Ukraine decreased by 20% in January

Fitch upgraded the ratings of Ukrainian banks

The volume of private remittances in January of this year decreased by 19.9%, amounting to $0.7 billion.

Wages received by Ukrainians from abroad decreased by 19.1%, while other private remittances received through official channels decreased by 25.5%.

Overall, remittances sent through official channels were 22.7% less than in January last year, while the flow through informal channels decreased by 16.0% compared to January last year.

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