Migrants send less back home

ANKARA - Anatolia News Agency

A crowd is seen at an Oct 30 ceremony in Istanbul to mark the 50th year of worker’s migration to Germany. AA Photo

During the first half of the year, the biggest increase was experienced during May. The inflow increased 35.7 percent from $70 million to $95 million in May compared to the same month last year.

However, in July the inflow of foreign currency decreased 4.5 percent from $88 million to $84 million. The decrease in the inflow of workers’ revenues continued in the month of August too, with a 6.5 percent drop compared to the same month last year. This amount was, however, 3.6 percent higher than the previous month.

When figures are reviewed cumulatively, it was noted that foreign currency transactions from Turkish workers abroad have constantly increased since the beginning of the year.