The volume of money transfers to Moldova through banks in favor of individuals in January 2022 amounted to $101.93 million, decreasing by 3.7% (-$3.9 million) compared to the same period in 2021.
As InfoMarket was informed in the National Bank of Moldova, at the same time, compared to the previous month, December 2021, ($137.38 million), they decreased by $35.45 million (-25.8%). According to the NBM, in the structure of transfers by currency from abroad in favor of individuals, transfers in euro in January 2022 amounted to 66.6% (+1.7 p.p. compared to January 2021), transfers in US dollars - 32% (-0.9 p.p.), and in Russian rubles - 1.4% (-0.8 p.p.). In particular, in January 2021, the share of the dollar in the structure of foreign currency transfers was 32.9%, the euro - 64.9%, the ruble - 2.2%. 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: transfer 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 2021 amounted to $1 billion 611.83 million, an increase of 8.4% (+$125.09 million) compared to 2020. According to World Bank, the remittances of Moldovan guest workers in different years amount to 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. //22.02.2022 — InfoMarket.
