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The total volume of remittances to Moldova from abroad in favor of individuals through banks in Q2 2023 amounted to $463.62 million, down by 3.9% compared to the same period of 2022.

The total volume of remittances to Moldova from abroad in favor of individuals through banks in Q2 2023 amounted to $463.62 million, down by 3.9% compared to the same period of 2022.

As follows from the Balance of Payments data published by the National Bank of Moldova, in April-June 2023, compared to the same period of 2022, the volume of such remittances from EU countries increased by 13.3% - to $252.08 million (54.4% of the total volume), from CIS countries - decreased by 43.4% - to $62.45 million (13.5%), from other countries - decreased by 0.5% - to $149.09 million (32.1%). Analysis of transfers by country shows that the leaders in Q2 2023 were Germany - $65.6 million (+17.7%, compared to the same period of 2022), Israel - $64.59 million (at the same level), Russia - $59.53 million (-44.6%), Italy - $55.48 million (+11.6%), France - $43.8 million (+13.4%). // 03.10.2023 - InfoMarket

News on the subject

GDP growth and inflation returning to single digits is expected in Moldova by the end of 2023 - EU expert.
GDP growth and inflation returning to single digits is expected in Moldova by the end of 2023 - EU expert.
Moldovan banks’ net profit in January-August 2023 amounted to 3 billion 038.4 million lei, up by 631.6 million lei (+26.2%), compared to the same period of 2022.
Moldovan banks’ net profit in January-August 2023 amounted to 3 billion 038.4 million lei, up by 631.6 million lei (+26.2%), compared to the same period of 2022.
In 1H 2023, one of the banks of Moldova exceeded the limit of 30% of the prudential indicator for loan exposures.
In 1H 2023, one of the banks of Moldova exceeded the limit of 30% of the prudential indicator for loan exposures.
The volume of transactions carried out in the first half of 2023 with bank cards issued in Moldova increased by 20% compared to the same period in 2022 - up to 70.55 billion lei
The volume of transactions carried out in the first half of 2023 with bank cards issued in Moldova increased by 20% compared to the same period in 2022 - up to 70.55 billion lei
The National Bank of Moldova will hold an Open Doors Day on Independence Day.
The National Bank of Moldova will hold an Open Doors Day on Independence Day.
The National Bank of Moldova (NBM) is holding until August 29 the selection of participants for the second edition of the School of Modern Finance program.
The National Bank of Moldova (NBM) is holding until August 29 the selection of participants for the second edition of the School of Modern Finance program.