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Money transfers to private persons reach almost one billion dollars in Moldova in first nine months of 2018

26.10.18

The net money transfers to private persons exceeded 955 million dollars in the first nine months of 2018. The remittances maintained at a high rate of growth during this year and reached an average of 9.5 per cent against January-September 2017, according to data by the National Bank of Moldova (BNM).

According to BNM, in last September, financial means with the net value of 97.38 million dollars were transferred from abroad to private people. In the last three months, the remittances had a tendency of drop, from 115.66 million in July down to 97.38 million in September. In the third quarter of 2017, the remittances had an opposite trend to the one recorded this year.  

As to the geographic origin, 42.9 per cent of the transfers to private people come from the European Union, 26.2 per cent - from the Commonwealth of Independent States (CIS) and 30.9 per cent - from the rest of the world.

As for the structure in terms of currencies of the transfers from abroad to private persons, the share of transfers in euro stood at 48.2 per cent (increasing by 8.6 percentage points against the same period of the previous year), followed by the transfers in U.S. dollars – 44.7 per cent (decreasing by 7.5 percentage points) and the ones in Russian roubles – 7.1 per cent (decreasing by 1.1 percentage points).   

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