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Remittances in March increases to Sh31 2 billion

THE STANDARD MONEY & CAREERS Central Bank of Kenya Headquarter in Nairobi (PHOTO: FILE) NAIROBI, KENYA: Kenyans abroad sent more money back home last month compared to the same month last year, the latest data by the Central Bank of Kenya reveals. Remittances in March 2021 amounted to Sh31.2 billion (US$290.8 million), compared to Sh24.5 billion (USD 228.8 million) in March 2020, an increase of 27.1 per cent. The US remains the largest source of inflows, accounting for 55.9 per cent of remittances in March 2021. The other top source countries were the United Kingdom (11.2 per cent), Saudi Arabia (4.0 per cent), Canada (2.9 per cent), and Australia (2.9 per cent).  

Kenyans abroad sent Sh31 5 billion home in March

Kenyans abroad sent Sh31.5 billion home in March Wednesday April 21 2021 A man counts money. CBK data shows that diaspora remittances in March 2021 grew 27 per cent to Sh31.5 billion from March 2020. FILE PHOTO | NMG By HELLEN GITHAIGA Kenyans living abroad sent home Sh31.5 billion ($290.8) last month as they shrugged off the economic impact of the Covid-19 pandemic in source countries. Central Bank of Kenya (CBK) data shows that diaspora remittances in March grew 27 per cent from Sh24.8 billion ($228.8 million) that was sent home in March 2020. The United States is the biggest source of remittances to Kenya, accounting for 55.9 per cent of remittances last month.

Remittances in March increase to Sh31 2 billion

THE STANDARD MONEY & CAREERS Central Bank of Kenya Headquarter in Nairobi (PHOTO: FILE) NAIROBI, KENYA: Kenyans abroad sent more money back home last month compared to the same month last year, the latest data by the Central Bank of Kenya reveals. Remittances in March 2021 amounted to Sh31.2 billion (US$290.8 million), compared to Sh24.5 billion (USD 228.8 million) in March 2020, an increase of 27.1 per cent. The US remains the largest source of inflows, accounting for 55.9 per cent of remittances in March 2021. The other top source countries were the United Kingdom (11.2 per cent), Saudi Arabia (4.0 per cent), Canada (2.9 per cent), and Australia (2.9 per cent).  

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