Brexit Starts to Affect Remittances from Europe


remittances flow

Somaliland sun-Though the effects of Brexit is yet to be documented in Somaliland and Somalia and others in the Horn region where remittances from the Diaspora plays a big role in their economies Money sent by Kenyans living in Europe reduced by 6.3 per cent last month as the decision by Britain to exit the European Union began to affect inflows.
According to The Central Bank of Kenya remittances from Europe dropped to $43.7 million(Sh4.4 billion) in June from $46.6 million(Sh4.7 billion) as a result of BREXIT.

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