Over the course of the first ten months of this year, the total volume of bank transfers of money from abroad for individuals from Moldova amounted to 1 013.39 million dollars, 5% less than in the same period of the previous year. In October, remittances sent via licensed banks totaled 110.44 million dollars. Half of the transfers came from the European Union, just over 21% are from the CIS, while almost 29% were sent from other parts of the world.
According to National Bank of Moldova data, most remittances by country came from Russia and accounted for 20.2% of total remittances, namely $22.26 million. Transfers from Israel accounted for 17% ($18.82 million), from Italy - 12.1% ($13.32 million), from Germany - 9.1% ($10.06 million), from the United Kingdom of Great Britain and Northern Ireland - 8.4% ($9.18 million), US - 6.7% ($7.44 million), etc.
Transfers in euro accounted for 56.1%, up 7.2 percentage points compared to October 2018. These are followed by transfers in US dollars, which account for 40.2%, decreasing by 4.1 percentage points and remittances in Russian rubles - 3.7%, decreasing by 3.1 percentage points.
In October 2019, compared to the same period of the previous year, fluctuations in the exchange rate of currencies against the US dollar contributed to a remittances value drop of 2.3 percentage points.
