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Posted by: trm.md
News / Economic
26 Apr. 2020 / 15:22
Volume of money transfers from abroad has decreased
The coronavirus pandemic affects the volume of remittances. According to the National Bank of Moldova (BNM), in March the diaspora sent less money home against the same period last year. Thus, remittances decreased by 6.2%, reports Moldova 1.
According to a statement from the BNM, in March a sum of over 95 million dollars was sent to the Republic of Moldova, by 6.2% less than in March 2019. Most of the money came from European countries - over 47% , CIS countries - 15.7%, and 37% from other states.
Most European money comes from Italy - 13.2%, followed by Germany with 11.2% and by France with 6.5%.
Transfers from the EU to individuals in March amounted to $ 44.88 million, down by 4.3 percent against the same period last year. Due to Brexit, the volume of EU transfers in March was $ 7.13 million lower.
Transfers from Israel in March amounted to 17.7% of the total, or $ 16.8 million, by 14.2% less than in March last year.
Transfers from Russia also fell by almost 35% against last year. Most of the money received from abroad is in euros and is just over 57%, followed by transfers in US dollars - over 38%. Money in Russian rubles is 4.5%.
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