In August 2018, money transfers increased 11.4% y/y to US$ 135.6mn, after growing 19.3% y/y in the previous month, according to NBG. From major remitting countries, money transfers were up from Russia (+2.9% y/y, 30.6% of total), Italy (+28.2% y/y, 12.0% of total), USA (+16.4% y/y, 11.0% of total), Israel (+20.3% y/y, 9.6% of total) and Greece (+9.8% y/y, 9.3% of total), while remittanc were down from Turkey (-25.6% y/y, 5.4% of total). Overall, in 8M18 money transfers were up 17.5% y/y to US$ 1.0bn.
Source : G&T
