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The volume of remittances to Moldova from individuals from abroad through the commercial banks in January-July 2010 totaled to $655,18 million

8 september 2010, 16:50 print out copy link The link has been copied to the Clipboard

As compared with the same period of 2009, it has increased by $27,06 million, or by 4,3%. According to the National Bank of Moldova, in January-July 2010, about $556,64 million, or 84,9% of the total remittances for this period were sent through the fast money transfers systems. Total remittances in July 2010 amounted to $119,83 million, exceeding the indicator of July 2009 ($113,4 million) by $6,43 million, or by 5,7%.

The volume of remittances to Moldova in January 2010 totaled to $63,22 million, in February - $72,47 million, in March - $97,67 million, in April - $95,23 million, in May - $96,44 million, in June - $110,32 million. 55,9% of all remittances in January-July 2010 accounted for USD, 33,1% - for EUR and 11% - for RUB. As it was reported before, the volume of remittances to Moldova from individuals from abroad through the commercial banks in 2009 amounted to $1 billion 182,02 million, down compared with 2008 by $478,07 million, or by 28,8%. At the same time, $982,23 million, or 83,1% of the total remittances were sent through the fast money transfer systems. In the structure of remittances in 2009 about 54,1% accounted for USD, 40,6% - for EUR and 5,3% - for RUB. The largest amounts were sent from Russia and Italy. According to the World Bank, the Moldavian guest workers’ remittances make up about one third of Moldova’s GDP.

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