The volume of money transfers sent abroad from Belarus and received from abroad has increased. At the same time, the number of transfers declined. These figures were published by the National Bank.
According to the regulator, in the first quarter, 36,300 transfers were sent abroad from Belarus, which is 4.8% less than last year. The total amount of transfers increased by 19% to $26.5 million. The average transfer amount rose by 25% to $730.6.
In the structure of outgoing money transfers, 62.8% of the total number were made in Russian rubles, while 30.4% were made in US dollars. However, in value terms, the US dollar dominated: it accounted for 54.7% of the total amount, while Russian rubles made up 40.5%.
In the first quarter, 69,300 transfers were received from abroad, which is 3.3% less than last year. Their total value increased by 12.2% to $40.5 million. The average transfer amount rose by 16% to $584.1.
A total of 70.8% of all transfers to Belarus were received in US dollars, 13.5% in euros, and 13.1% in Russian rubles. In value terms, the US dollar also dominated, accounting for 76.5% of the total amount of transfers, while the euro accounted for 11.8% and the Russian ruble for 10%.
