Emigrants, immigrants remitted billions in Q1 2020
20:11
Transfers to Poland from emigrants in Q1 2020 amounted to PLN 3.6 billion, which means a decrease by PLN 0.1 billion year-on-year, the National Bank of Poland (NBP) has announced.
NBP stated that the decline was mainly due to lower than a year ago inflow of funds from Germany, the UK and Ireland.
Meanwhile, remittances from Poland from working immigrants in Q1 2020 amounted to PLN 3.7 billion, PLN 0.1 billion less year-on-year, NBP added.
NBP noted that the decrease resulted from decreasing transfers from short-term immigrants, which in the first quarter of 2020 amounted to PLN 3.0 billion, compared to PLN 3.2 billion in the first quarter of 2019. Transfers to Ukraine dominated in the geographical structure.
