Kenyans in diaspora sent home KSh 30 billion in June 2019 ▷ Kenya News

Data recently released by Central Bank of Kenya (CBK) has revealed that Kenyans living abroad sent home KSh 30.44 billion in the month of June 2019.

The amount marked a 21.4% increase from KSh 25.07 billion that was recorded as money from the diaspora in May 2019.

The 12-month cumulative cash inflow stood at KSh 285.63 billion compared to KSh 251.55 recorded in June 2018. Photo: Central Bank of Kenya
Source: UGC

In a weekly billeting released on Friday, July 19, the regulator pointed out that the 12-month cumulative cash inflow stood at KSh 285.63 billion.

This translated to 13.6% increase from KSh 251.55 billion recorded during the same period under review in 2018.

"North America, Europe and the rest of the world accounted for 38%, 32% and 30% respectively, of the remittances in June 2019," the regulator said.

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Source: Tuko