Published On: Wed, Aug 14th, 2013

Kenya Diaspora remittancefor June declines by 9.4%

remittanceCommentary on Remittances for June 2013

In the month of June 2013, remittances to Kenya declined by 9.4 percent (or USD 10.34 million) to USD 99.81 million from USD 110.15 million recorded in May 2013. The reduction of remittance inflows was mainly in a USD 9.53 million decline from the North American region. However, when compared to a year ago, remittance inflows in June 2013 record a marginal increase of 0.32 percent.

The 12 month cumulative inflows increased by 10.89 percent to USD 1,199 million in the year to June 2013, while the 12 month cumulative average inflows increased to USD 99.9 million in June 2013 from USD 90.1 million in June 2012. The flattening of the 12 month cumulative average flows reflects resilience in the monthly remittance inflows (Table 1 and Chart 1) since January 2013.

Table 1: (Figures are in US$ ‘000)

Year : 2013
Month Remittance
Jan 102970
Feb 102372
Mar 103393
Apr 104993
May 110150
Jun 99809

TOTAL 623687

Source:Central Bank

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Kenya Diaspora remittancefor June declines by 9.4%
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