Money transfers in October up over 23% on last year

Money transfers made to private individuals in Moldova from abroad through the agency of licensed banks this October came to US$136.52 million, up 23.6% compared with last October, IPN reports, quoting the National Bank of Moldova.

In terms of the geographical origin, the transfers from the European Union represented 48.8% (US$66.63m) of the total, from the CIS – 13.4%, while from the rest of the world – 37.8%.

Transfers from Israel made up 17.9% (US$24.45m), from Italy - 13.2% (US$17.99m), from Russia – 12.3% (US$16.75m).

In terms of type of currency, transfers in euros constituted – 64.3%, in U.S. dollars – 33.7%, in Russian rubles – 2%.

In January-October 2020, bank transfers from abroad to Moldovans added up to US$1.206,54 billion, an increase of 19.1% compared with the corresponding period last year.

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