In August 2025, the extent to which the net demand of economic entities for foreign exchange was covered by the net supply from individuals remained almost at the level of the previous month – 79.2% compared to 79.9% in July.
However, compared to the previous month, the net supply of foreign currency from individuals decreased by EUR 55 million (-15.7%), while the net demand for foreign currency from economic agents decreased by EUR 65.5 million (-14.9%). This may indicate a decrease in business activity during the vacation season.
The trend towards a general reduction in official foreign currency transfers from abroad in favor of individuals does not change its vector, and August was no exception. In this month, the total equivalent of $132 million was transferred to individuals, which is 14% less than in July 2025, which was a more “yielding” summer month, when there was an increase. The equivalent of transfers in euros also underwent a decrease, but smaller (-12%) than transfers in dollars (-20%).
In the first 8 months of 2025, as summarized by economist Vladimir Golovatyuk, $1,057 million was transferred to the population, including the share of transfers in euros amounted to the equivalent of $862 million. Compared to the corresponding period of 2024, the volume of transfers decreased by 2.4%, including transfers in euros – by 1.2% and in dollars – by 7.4%.
But if we compare it with January-August 2015, the total size of remittances increased by 42% over 10 years. In euros, it grew 3.5 times, while in dollars it decreased by 35%, which marks the preferred option of switching to the European settlement currency, although the data is still reported by the regulator in terms of the dollar equivalent.
Thus, the share of the euro in the remittance structure now stands at 81.5%, although ten years ago it was only 36.2%. The share of U.S. currency over the same period fell from 26.2% to 18.5%, and the Russian ruble, which once accounted for 37.6% of remittances, does not appear at all.
