The volume of money transfers to Moldova through banks in favor of individuals in 2021, compared to 2020, increased by 8.4% (+ $125.09 million) - up to $1 billion 611.83 million.
As InfoMarket was informed in the National Bank of Moldova, at the same time, in December 2021, the volume of the mentioned money transfers amounted to $137.38 million, having decreased by 1.3% compared to the previous month ($139.16 million), and also decreased by 7 .1% compared to December 2020 ($147.84 million). Herewith, the largest monthly amount of transfers in 2021 was registered in April, when it amounted to $147.47 million, and the smallest in January - $105.83 million. According to the NBM, in the structure of transfers by currency from abroad in favor of individuals, transfers in euro in December 2021 amounted to 64.7% (+0.2 p.p. compared to December 2020), transfers in US dollars - 33.4% (+0.2 p.p.), and in Russian rubles - 1.9% (-0.4 p.p.). In particular, in December 2020, the share of the dollar in the structure of foreign exchange transfers was 33.2%, the euro - 64.5%, the ruble - 2.3%. According to the NBM, the amounts of money transfers from abroad, carried out in favor of individuals in Moldova, are converted from the original transfer currency into US dollars at the official exchange rate of the NBM on the date of the money transfer. Both the origin and purpose of these amounts may be of a different nature. They include, in addition to transfers of Moldovan migrants, also other money: transfers of salaries to resident individuals from representative offices of non-residents (international financial institutions, international organizations, foreign economic agents) in Moldova, transfers in favor of foreign citizens temporarily staying on the territory of Moldova, social pensions, allowances, alimony. The NBM data does not include payments through banks from the left bank of the Nistru. As InfoMarket agency reported earlier, the volume of money transfers to Moldova through banks in favor of individuals in 2020 amounted to $1 billion 486.74 million and increased by 21.6% compared to 2019. According to the World Bank, the transfers of Moldovan guest workers amount to in different years from 15% to 30% of the country's GDP. The absolute record for the volume of money transfers to Moldova from abroad in favor of individuals through commercial banks was in 2008 - $1 billion 660.09 million. // 25.01.2022 — InfoMarket.
