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Total foreign remittances to Serbia decline 0.8% y/y in Jan-Aug

Author Radomir Ralev
Total foreign remittances to Serbia decline 0.8% y/y in Jan-Aug Bragin Alexey/Shutterstock.com

BELGRADE (Serbia), October 18 (SeeNews) – Total foreign remittances to Serbia decreased by 0.8% year-on-year to 2.295 billion euro ($2.554 billion) in the first eight months of 2019, central bank data shows.

In August alone, total foreign remittances to Serbia, including all current transfers between resident and non-resident households, declined by 7.4% on the year to 338 million euro, according to figures published by the central bank in a balance of payments report.

The remittances of citizens working abroad went down by 3.4% year-on-year in the first eight months of 2019 to 1.749 billion euro, after falling 8.8% on the year to 272 million euro in August, the data showed.

The flow of foreign remittances into Serbia increased to 3.43 billion euro in 2018 from 2.96 billion euro in 2017.

($ = 0.898681 euro)

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