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The volume of money transfers to Moldova from abroad in favor of individuals through banks in January 2023 amounted to $119.69 million, an increase of $17.48 million, or 17.1%, compared to the same period in 2022.

The volume of money transfers to Moldova from abroad in favor of individuals through banks in January 2023 amounted to $119.69 million, an increase of $17.48 million, or 17.1%, compared to the same period in 2022.

As InfoMarket was informed in the National Bank of Moldova, at the same time, compared to the previous month, the volume of the mentioned money transfers in January 2023 decreased by $33.57 million, or by 21.9%, since in December 2022 they were calculated at the level of $ 153.26 million. According to the NBM, in the structure of transfers by currency from abroad in favor of individuals, transfers in euros in January 2023 amounted to 84% (increased by 17.6 p.p. compared to January 2022), transfers in US dollars - 15.9% (16.3 p.p. less than the corresponding period in 2022), transfers in Russian rubles - 0.1% (1.3 p.p. less than the same period last year). In particular, in January 2022, the share of the dollar in the structure of foreign currency transfers was 32.2%, the euro - 66.4%, the ruble - 1.4%. 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, 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. The NBM data does not include payments through banks from the left bank of the Nistru. As InfoMarket agency previously reported, the volume of money transfers to Moldova through banks in favor of individuals in 2022 amounted to $1 billion 745.74 million, having increased, compared to 2021, by $133.91 million, or 8.3%. Meanwhile, the indicator set a new record for the volume of money transfers from abroad in favor of individuals through banks. // 24.02.2023 — InfoMarket

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