Remittance costs in Europe as of Q3 2023, by country
Sending remittances to Bulgaria was noticeably more expensive in the first quarter of 2023 than to other countries in Europe, such as Croatia or Lithuania. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards. The source adds that incoming remittances were estimated at 6.39 percent on average for the G20 countries during this timeframe.
