Money transfers increased by 13.0% y/y to US$ 337.0mn in Jul-25, following a 12.2% y/y growth in previous month-Galt&Taggart reports .
Among the top countries, inflows grew from the EU (+16.2% y/y, 46.1% of total, supported by Euro’s appreciation vs. US dollar), the USA (+21.1% y/y, 18.1% of total), Kyrgyzstan (+44.0% y/y, 3.4% of total), Israel (+11.0% y/y, 7.1% of total) and Türkiye (+9.4% y/y, 3.0% of total) in July.
In contrast, transfers declined from Russia (-0.5% y/y, 13.4% of total) and Kazakhstan (-17.7% y/y, 2.6% of total).
Overall, in 7M25, money transfers increased by 5.0% y/y to US$ 2.1bn.
Galt&Taggart forecasts money transfers at US$ 3.5bn in 2025.
