Головна сторінка
/
Новини
/

Ukraine labor remittances reach USD 6 bln in 7M18

Ukraine labor remittances reach USD 6 bln in 7M18

7 September 2018

The remittances of Ukrainian laborers abroad reached
USD 6.35 bln in 7M18, National Bank of Ukraine (NBU) Governor Yakiv Smoliy said
on Sept. 7, the Interfax-Ukraine agency reported. Remittances will reach USD
11.0 bln in 2018, according to NBU estimates.

 

Evgeniya Akhtyrko: The remittances of labor migrants are essential for Ukraine as they
restrain the enlargement of the current account (C/A) deficit amid a negative
trade balance. Recall, the C/A deficit reached USD 1.1 bln in July and USD
1.7 bln in 7M18
.
Avoiding excess enlargement of the C/A deficit is important, given Ukraine’s
weak prospects to secure strong foreign currency inflow under its financial
account. Given Ukraine’s already low gross international reserves, a negative balance of payments is not a viable
option as low availability of foreign currency will trigger further
devaluation.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...