The volume of money transfers to Moldova from abroad in favor of individuals through banks in January-March 2023 amounted to $407.42 million, an increase of $55.89 million (+15.9%) compared to the same period in 2022.
As InfoMarket was informed in the National Bank of Moldova, at the same time, in March 2023, the volume of the mentioned money transfers amounted to $156.37 million, an increase of 19% compared to the previous month ($131.36 million), as well as by 15.3% - compared to March 2022 ($135.66 million). Thus, the largest monthly amount of transfers this year fell on March, when it amounted to $156.37 million. According to the NBM, in the structure of transfers by currency from abroad in favor of individuals, transfers in euro in March 2023 amounted 78.8% (decreased by 0.3 p.p. compared to March 2022), transfers in US dollars - 21.2% (+0.3 p.p.), no transfers were made in Russian rubles - 0% (for the same period of the last year also not carried out). In particular, in March 2022, the share of the dollar in the structure of foreign exchange transfers was 20.9%, the euro - 79.1%, the ruble - 0.0%. According to the NBM, the amounts of money transfers from abroad in favor of Moldovan individuals 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, other money transfers: 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. NBM data do not include payments through banks on 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 2022 amounted to $1 billion 745.74 million, having increased by $133.91 million (+8.3%) compared to 2021. At the same time, the indicator set a new record for the volume of money transfers from abroad in favor of individuals through banks. // 25.04.2023 — InfoMarket.
