logo

Transfers from broad in November at US$131.8m


https://www.ipn.md/en/transfers-from-broad-in-november-at-us1318m-7966_1078639.html

About US$131.88 million was transferred to private individuals in Moldova from abroad through licensed banks this November. The figure is by 30% higher compared with last November, IPN reports, quoting the National Bank of Moldova (NBM).

Transfers from the EU-27 in favor of private individuals represented 49.2%, from Israel –
17.7%, up 25.4% on last November, from Italy – 12.8%, from Germany – 11.7%, from Russia – 11.7% of the total, a decline of 18.6% on November 2019.

Transfers in euros constituted 65.3%, in U.S. dollars – 32.8%, in Russian rubles – 1.9%.

In January-November 2020, the transfers from abroad to Moldovans came to US$1.338,42 billion.

The NBM said the given money transfers do not consist only of remittances of Moldovans working abroad, but also of unilateral transfers, such as local transfers, including salary transfers in favor of resident private individuals and non-residents persons who are temporarily in Moldova, and also of pensions and benefits.