The total amount of net money transfers from abroad made in favor of individuals via licensed banks of the Republic of Moldova in June 2020 amounted to US$ 143.21 million, an increase of 42.2% on June 2019, IPN reports, quoting the National Bank of Moldova.

Transfers from the EU-27 represented 45.6% of the total transfers; those from the CIS - 16.4%, while those from the rest of the world – 38.0%. Transfers from Russia constituted 15.4, while those from Italy –14.2%.

Transfers in euros made up 62.0% of all the transfers. These are followed by those in U.S. dollars at 36.7% and those in Russian rubles at 1.3%.

The bank transfers from abroad in favor of individuals of the Republic of Moldova in January – June 2020 totaled US$ 646.15 million, up 9.8% on the corresponding period last.

The currency exchange rate fluctuations against the U.S. dollar In June 2020 contributed 1.5 percentage points to the increase in transfers from abroad in favour of individuals compared with the same period last year.