{"id":254791,"date":"2008-09-17T08:07:00","date_gmt":"2008-09-17T08:07:00","guid":{"rendered":"http:\/\/new.moldova.org\/2008\/09\/17\/remittances-from-abroad-close-to-us-1bn-150653-eng\/"},"modified":"2008-09-17T08:07:00","modified_gmt":"2008-09-17T08:07:00","slug":"remittances-from-abroad-close-to-us-1bn-150653-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/remittances-from-abroad-close-to-us-1bn-150653-eng\/","title":{"rendered":"Remittances from abroad close to US $1bn"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The Moldovans working abroad during the first seven months of this year sent home through banks US$929.47 million, an increase of 55% (US$330.9 million) compared with the corresponding period last year. <\/p>\n

According to the National Bank of Moldova, remittances in July totaled US$173.62 million, up 17% from June and by 40% more than in July 2007. This is the largest sum transferred this year to Moldova over a month. The lowest sum was transferred in January – US$89.7 million. <\/p>\n

About 77% (US$715.04 million) of the January-July remittances reached Moldova via Western Union, Migom, Travelex, Strada Italia, Turkiye Express, Money Gram, Moldova Express, Anelik, Leader and other money transfer systems. This shows that the money is mainly designed for current consumption and consumer goods. <\/p>\n

Experts say that the remittances sent from abroad are in reality much larger than the officially recorded ones as the Moldovans use alternative methods for sending money home. <\/p>\n

According to a World Bank report, Moldova takes the first position in the world by the share of remittances in the Gross Domestic Product – 36.2%. <\/p>\n

Last year, remittances came to US$1.218 billion, in 2006 – to US$854.6 million, while in 2005 – to US$683.25 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>The Moldovans working abroad during the first seven months of this year sent home through banks US$929.47 million, an increase of 55% (US$330.9 million) compared with the corresponding period last yea<\/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-254791","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The Moldovans working abroad during the first seven months of this year sent home through banks US$929.47 million, an increase of 55% (US$330.9 million) compared with the corresponding period last year. <\/p>\n

According to the National Bank of Moldova, remittances in July totaled US$173.62 million, up 17% from June and by 40% more than in July 2007. This is the largest sum transferred this year to Moldova over a month. The lowest sum was transferred in January – US$89.7 million. <\/p>\n

About 77% (US$715.04 million) of the January-July remittances reached Moldova via Western Union, Migom, Travelex, Strada Italia, Turkiye Express, Money Gram, Moldova Express, Anelik, Leader and other money transfer systems. This shows that the money is mainly designed for current consumption and consumer goods. <\/p>\n

Experts say that the remittances sent from abroad are in reality much larger than the officially recorded ones as the Moldovans use alternative methods for sending money home. <\/p>\n

According to a World Bank report, Moldova takes the first position in the world by the share of remittances in the Gross Domestic Product – 36.2%. <\/p>\n

Last year, remittances came to US$1.218 billion, in 2006 – to US$854.6 million, while in 2005 – to US$683.25 million.<\/p>\n

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