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Remittances fall by 8% in the last week of October

Remittances fall by 8% in the last week of October

In the period of October 25-31, cash inflows decreased compared to the previous week and amounted to - 8%.

The weekly economic review of TBC Capital reveals the information.

Inflows from Azerbaijan and Ukraine are still growing, although they have decreased significantly compared to the previous week.

Also, inflows from North America maintain a high growth rate.

The growth rate of inflows from Russia is still negative and amounts to - 29%.

The growth rate of inflows from Middle Eastern countries (including Turkey) is positive between October 25-31.

The annual change in inflows from Armenia is still negative but has improved compared to the previous week and amounted to - 8%.

Inflows from the EU and the UK maintain a positive growth rate but are down compared to the previous week.

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