Central Bank: devaluation level is stabilizing, remittances are growing

According to preliminary calculations of the Central Bank, these devaluation rates have absorbed almost all short-term changes (shocks).

In particular, in the first 20 days of March, the average daily volume of cross-border money transfers decreased to $15 million, the sale of currency by the population to $32 million, and the purchase increased to $42 million.

In addition, in the first 20 days of April, the volume of remittances reached an average of $40 million per day, the sale of currency by the population was $55 million, and the average daily purchase fell to $22 million.

The demand of legal entities for foreign currency also balanced, having decreased in the first 20 days of April by 13% compared to the corresponding period in March, while the supply increased by 21%.