In April 2021, money transfers surged by 145.4% y/y to US$ 194.1mn, after growing 49.5% y/y in the previous month, according to NBG.
Notably, remittances were also up by 41.5% compared to April 2019 level. From major remitting countries, money transfers increased strongly from Russia (+154.3% y/y, 17.2% of total), Italy (+137.4% y/y, 16.3% of total), USA (+155.4% y/y, 12.8% of total), Greece (+114.2% y/y, 11.2% of total) and Israel (+125.4% y/y, 8.0% of total).
Overall, in 4M21 money transfers were up 48.2% y/y to US$ 693.4mn.
