Diaspora Sends EUR 5 Billion to Serbia

Last year, a total of EUR 4.99 billion was transferred from abroad to Serbian citizens, which is nearly half a billion more compared to the year before.

The value of payment transfers from abroad, as Radio Slobodna Evropa (Radio Free Europe) reports, exceeded the total value of foreign investments last year.

Payment transfers from abroad are received mostly by older citizens, and they come from all corners of the world, mostly from Germany, Switzerland, Austria, France and the United States of America, the Fena news agency reports.

In the past ten years, EUR 34.9 billion has been transferred to Serbia this way.

Between 2014 and 2023, according to the data of the National Bank of Serbia, foreign investments in Serbia exceeded payment transfers from abroad only in 2019 and 2021.

The regulations do not proscribe limits to the amounts that the citizens of Serbia may receive from their families and friends from abroad.

However, if the amount exceeds EUR 10,000 a month, the money may be transferred based on a gift or inheritance agreement, with special procedures.

Radio Slobodna Evropa also reports, citing the World Bank data, that 14% of the populace has left Serbia in the past two decades.

Svetska Banka-WB Beograd

Narodna banka Srbije Beograd

World Bank

National Bank of Serbia

payment transfers from abroad

money from diaspora