{"id":244342,"date":"2007-07-16T18:22:00","date_gmt":"2007-07-16T18:22:00","guid":{"rendered":"http:\/\/new.moldova.org\/2007\/07\/16\/in-5-months-moldovans-working-abroad-transferred-over-380-million-dollars-56552-eng\/"},"modified":"2007-07-16T18:22:00","modified_gmt":"2007-07-16T18:22:00","slug":"in-5-months-moldovans-working-abroad-transferred-over-380-million-dollars-56552-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/in-5-months-moldovans-working-abroad-transferred-over-380-million-dollars-56552-eng\/","title":{"rendered":"In 5 months moldovans working abroad transferred over 380 million dollars."},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

Moldovan citizens, employed abroad, transferred officially over 381.99 million dollars in Moldova in 5 months of 2007, which is comparable with 2004. <\/p>\n

"The Moldovans send more and more money home. They make a monthly transfer almost equivalent with the remittances in a semester four years ago", the bank experts say. The transferred amount in May 2007 – 92.24 million dollars – is over 60.37 million dollars in January the same year. The largest sum is coming from Italy and Russia and the mostly used money transfer system is Western Union, about 50% of remittances. <\/p>\n

This evolution is due to the large number of Moldovans employed abroad, their legalization and their increasing remunerations, the experts say. If to keep the same increasing rhythm of the incoming currency, the IMF forecast is likely to come true – a transfer of 1,283 billion dollars in 2007 and 1,411 billion dollars in 2008. <\/p>\n

Official remittances constitute over 20 percent of GDP, and actual remittances may be larger, according to the World Bank report Migration and Remittances: Eastern Europe and the Former Soviet Union, made known in early January 2007. Moldova is one of the largest emigration countries in the world. Significant remittances to Moldova have helped reduce household poverty and provide essential foreign exchange. <\/p>\n

About 334 thousand Moldovans were officially abroad in late 2006, according to data of the National Bureau of Statistics of Moldova. As much as 70% of them used rapid systems of money transfer. The Moldovan banks use such kind systems, as: Western Union, Money Gram, UniStream, SWIFT, Strada Italia, Trabex, Spain, Travelex, Turciye Express, Turkey, Lider, formerly Vip Money Transfer, Rus Express, Russia, Strada Italia, Banco Espirito Santo, Portugal. \/\/ BASA-Press<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>Moldovan citizens, employed abroad, transferred officially over 381.99 million dollars in Moldova in 5 months of 2007, which is comparable with 2004<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-244342","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

Moldovan citizens, employed abroad, transferred officially over 381.99 million dollars in Moldova in 5 months of 2007, which is comparable with 2004. <\/p>\n

"The Moldovans send more and more money home. They make a monthly transfer almost equivalent with the remittances in a semester four years ago", the bank experts say. The transferred amount in May 2007 – 92.24 million dollars – is over 60.37 million dollars in January the same year. The largest sum is coming from Italy and Russia and the mostly used money transfer system is Western Union, about 50% of remittances. <\/p>\n

This evolution is due to the large number of Moldovans employed abroad, their legalization and their increasing remunerations, the experts say. If to keep the same increasing rhythm of the incoming currency, the IMF forecast is likely to come true – a transfer of 1,283 billion dollars in 2007 and 1,411 billion dollars in 2008. <\/p>\n

Official remittances constitute over 20 percent of GDP, and actual remittances may be larger, according to the World Bank report Migration and Remittances: Eastern Europe and the Former Soviet Union, made known in early January 2007. Moldova is one of the largest emigration countries in the world. Significant remittances to Moldova have helped reduce household poverty and provide essential foreign exchange. <\/p>\n

About 334 thousand Moldovans were officially abroad in late 2006, according to data of the National Bureau of Statistics of Moldova. As much as 70% of them used rapid systems of money transfer. The Moldovan banks use such kind systems, as: Western Union, Money Gram, UniStream, SWIFT, Strada Italia, Trabex, Spain, Travelex, Turciye Express, Turkey, Lider, formerly Vip Money Transfer, Rus Express, Russia, Strada Italia, Banco Espirito Santo, Portugal. \/\/ BASA-Press<\/p>\n

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