English

Bank transfers to Moldova are declining

The volume of remittances from abroad in favor of individuals in January-March 2025 amounted to $356 million, decreasing by $14.8 million compared to the same period last year.
Reading time: 1 minute Autor:
Link copied
Bank transfers to Moldova are declining

The largest amount of transfers came in March, when it amounted to $132.5 million.

The structure of currencies is dominated by transfers in euros, which account for 81%, and in US dollars – 18.7%. There were still no transfers in Russian rubles.

The National Bank of Moldova noted that the amounts of money transfers from abroad in favor of individuals are converted from the original currency of transfer into US dollars at the official exchange rate of the NBM on the date of transfer. Both the origin and destination of these amounts may be of different nature. Thus, besides remittances of Moldovan migrants, they include other remittances: salary transfers 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 here, social pensions, allowances, alimony.

The data of the National Bank do not include payments through financial institutions of the Transnistrian region.


Реклама недоступна
Must Read*

We always appreciate your feedback!

Read also
Apple exports better than forecast in May
Agribusiness & Winemaking
17 June 2025
Apple exports better than forecast in May
European auditor came to Moldova
European Integration
17 June 2025
European auditor came to Moldova
Trade with the EU may be simplified
European Integration
19 June 2025
Trade with the EU may be simplified
The state budget has been adjusted again
Banks & Finance
18 June 2025
The state budget has been adjusted again